All Atlas Air Worldwide Holdings articles
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News
Atlas Air Worldwide appoints new chief information officer
Atlas Air Worldwide Holdings has appointed Joel Goldberg as senior vice president and chief information officer.Goldberg will report to the firm's chief executive Michael Steen and will also serve as a member of the company’s executive leadership team.He has nearly three decades of experience "leading digital transformation initiatives at global ...
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Atlas Air expects takeover to complete in days
The takeover of freighter operator Atlas Air Worldwide Holdings is expected to complete in the coming days after the company gained the necessary approvals.In a stock exchange filing, the New York-headquartered firm said that as of March 14 "all regulatory conditions to closing set forth in the merger agreement were ...
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Atlas Air takeover moves ahead after shareholders' approval
The takeover of Atlas Air Worldwide Holdings took a step forward yesterday when the firm's shareholders voted to approve the deal.More than 99% of the shareholder votes cast were in favor of the adoption of the agreement, which represented approximately 80.9% of the outstanding shares of company's common stock.The final ...
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NewsKuehne+Nagel takes delivery of dedicated B747 freighter
Copyright: Kuehne+NagelKuehne+Nagel (K+N) has started dedicated freighter operations through a partnership with lessor Atlas Air.In total, the freight forwarder will charter two brand-new B747-8 freighters from the lessor.The first of the two was named "Inspire" at a handing-over ceremony at the Boeing Everett Delivery Center in Everett.The two B747s are ...
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Atlas Air sees profits and volumes slide due to Covid cases and hurricane Ian
Atlas Air Worldwide Holdings saw its profits and volumes decline in the third quarter of the year due to a rise in Covid cases and the impact of Hurricane Ian.The lessor said its revenues for the quarter increased by 10.7% year on year to $1.1bn, while operating profits declined by ...
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Atlas Air sees profits slide in Q2 as costs rise
Atlas Air Worldwide, which yesterday announced it is being acquired in a $3bn deal, saw volumes and profits take a hit in the second quarter while revenues improved.The company saw revenue grow to $1.2bn in the second quarter of 2022, compared with $990m last year, volumes totaled 83,922 block hours, ...
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Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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Atlas Air revenues improve despite volume decline
Atlas Air Worldwide reported improvements in revenues during the first quarter of the year despite a decline in volumes.The freighter lessor and operator saw first-quarter revenues increase by 20% on last year to $1bn, adjusted earnings before interest, tax, depreciation, amortisation (ebitda) increased 11.9% to $202,814 but net income dropped ...
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Atlas Air and Cainiao expand partnership
Atlas Air and Alibaba logistics arm Cainiao Network will add a B747-8 freighter on routes between China and the Americas in the second quarter of 2022.The new long-term agreement of the strategic partners will see the freighter enter service for Cainiao, linking China with the US, Brazil and Chile.“We are ...
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Atlas Air quarterly revenues breach $1bn mark
Atlas Air Worldwide has seen its revenues breach the $1bn mark for the first time in the company's history.During the third quarter, the lessor saw its revenues increase by 25.5% year on year to just over $1bn, while adjusted ebitda climbed 42.9% on last year to $280.5m and net income ...
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Atlas Air pilots hit out at new five-year contract
Atlas Air pilots have criticised the new five-year collective bargaining agreement (CBA) announced earlier this week saying it makes the airline a place to train, not for a career.The new contract will merge the pilots of Atlas Air and Southern Air, which was by Atlas acquired in 2016, onto a ...
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Atlas Air Worldwide and pilots complete contract talks after five years
Atlas Air Worldwide and pilots at subsidiary airlines Southern Air and Atlas Air have completed a new joint collective bargaining agreement (JCBA) after more than five years of negotiations.The airline and International Brotherhood of Teamsters (IBT) union have been in talks over merging Atlas Air and Southern Air pilots onto ...
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Titan Aviation Holdings appoints SVP and CCO
Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings, has appointed Eamonn Forbes into the role of senior vice president (SVP) and chief commercial officer (CCO) of Titan Asset Management Ireland Limited.Forbes joins Titan with more than 15 years of aviation leasing, legal and finance experience. Most recently, he ...
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Atlas Air revenues driven up by higher rates and volumes in Q2
Freighter operator Atlas Air Worldwide has achieved increased revenues and net income in the second quarter of this year – due to higher rates and the “significantly improved” performance of its Airline Operations division.In its second-quarter 2021 results, the freighter operator recorded a 20% year-on-year increase in revenues to $990.4m. ...
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Atlas Air and Polar Air Cargo receive IATA CEIV Pharma certification
Atlas Air Worldwide's subsidiary companies, Atlas Air and Polar Air Cargo Worldwide, have both received IATA CEIV Phamra certification.The certification confirms the carriers' capability of handling temperature-sensitive pharma goods to IATA’s globally recognised standard.The certificataion comes as the global rollout of Covid-19 vaccines continues.Michael T. Steen, executive vice president and ...
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Atlas and unions disagree over pilot contract progress
Atlas Air Worldwide Holdings and the International Aviation Professionals (IAP) union have offering differing views on the progress of talks to settle the five-year dispute over pilot contracts.Following the announcement of its half-year results, the aviation company said that it expects the arbitration process to conclude in the second half ...
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Atlas Air Worldwide set for strong H1 performance in 2021
Freighter operator Atlas Air Worldwide has achieved increased net income and ebitda (earnings before interest, tax, depreciation, and amortisation) in the first quarter of this year and it expects continued strong performance.In its first quarter 2021 results, the freighter operator recorded a 33.8% year-on-year increase in revenues to $861.3m. Net ...
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NewsK+N and American partner to deploy 11m litres of SAF
Kuehne+Nagel has entered into an agreement with American Airlines to deploy 11m litres of sustainable aviation fuel (SAF).The deal is part of K+N's Net Zero Carbon programme. Through the agreement, American will allocate a portion of the carbon reduction benefit generated through its use of SAF to K+N.Also as part ...
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Atlas Air 2020 results "exceed expectations" due to historic volumes
Atlas Air Worldwide said its full-year 2020 operating results "exceeded expectations", thanks to "historic volumes" driven by e-commerce growth, as well as the requirements of businesses and communities during the pandemic.In its full-year 2020 results, the freighter operator achieved a 17.2% year-on-year increase in revenues — from $2.7bn in 2019 ...