All Atlas Air Worldwide articles
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News
Atlas Air orders three 747-8Fs
Atlas Air will add three Boeing 747-8 freighters to its fleet that are expected to enter service late in the third quarter of this year.The New York state-based lessor and cargo airline said the 747-8Fs will help it meet global demand for large widebody airfreight capacity, particularly for cross-border e-commerce ...
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Atlas Air co-operating with Hong Kong authorities following emergency landing
Atlas Air is co-operating with an investigation by Hong Kong's aviation authorities following an emergency landing that closed one of Hong Kong International (HKIA)'s two runways for eight hours.The runway was closed on June 17 when an Atlas Air Boeing 747-400 freighter (5y4304) performed an emergency landing at the airport ...
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Nippon Cargo Airlines renews freighter deal with Atlas Air
Nippon Cargo Airlines (NCA) and Atlas Air Worldwide have extended their Boeing 747 freighter partnership covering flights on the transpacific.The Air Transportation Services Agreement (ATSA) agreement sees Atlas Air operate five 747-400F on a crew, maintenance and insurance (CMI) basis for NCA."The extension of the current ATSA with transpacific operation ...
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NewsAccelerating the "glacial" pace of change in air cargo
Source: Air Cargo NewsAir cargo needs to move from talk to action if it is to speed up its “glacial pace” of change, according to speakers on an executive round table discussion at the IATA World Cargo Symposium.During the event’s opening plenary, IATA senior vice president operations, safety and security ...
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Challenges and opportunities for air cargo outlined at World Cargo Summit
Things are “going well” for air cargo, delegates at the World Cargo Summit in Bangkok on January 30 were told.Steve Saxon, a partner with McKinsey who leads its Asia Pacific airlines practice, outlined four reasons why the sector is buoyant despite an increasingly fraught world situation, but also signalled some ...
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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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Freighter number four for MSC Air Cargo
MSC Cargo's latest freighter has been delivered and will be put into action on the transpacific.The newbuild Boeing 777F was this week delivered to lessor Atlas Air Worldwide Holdings and is the last of four aircraft to be delivered for its long-term ACMI agreement with MSC.The inaugural 777F was delivered ...
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MSC Air Cargo adds its third 777 freighter
Atlas Air has taken delivery of the latest Boeing 777 freighter that it will operate on behalf of MSC Air Cargo.The new aircraft will be operated for MSC under a previously announced ACMI deal and is the third of a four-aircraft partnership.The aircraft will be used on existing routes but ...
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Atlas Air promotes Gonopolskiy
Atlas Air Worldwide has appointed Artem Gonopolskiy as executive vice president and chief financial officer, effective December 1.Gonopolskiy has been with Atlas for more than 18 years, and has served as the interim chief financial officer of the company since June 15.Gonopolskiy will lead all aspects of the company’s finance ...
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Ex Polar Air Cargo executive pleads guilty to fraud
Former Polar Air Cargo executive Robert Schirmer has pleaded guilty for his part in allegedly defrauding the cargo carrier out of millions of dollars.Robert Schirmer was one of 10 people charged earlier this year with defrauding the Atlas Air Worldwide/DHL subsidiary of tens of millions of dollars in revenue, said ...
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Ex-Etihad Cargo boss Drew scoops Atlas Air role
Ex-Etihad Cargo boss Martin Drew has been appointed as Atlas Air Worldwide chief strategy and transformation officer.Drew started in his new role this week and will lead the company’s corporate strategy, including its transformational growth initiatives.As part of this role, he will drive strategic growth and diversification across Atlas’ services, ...
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New chief executive for Atlas Air Worldwide
Atlas Air Worldwide has appointed executive vice president and chief commercial officer Michael Steen as chief executive from June 15.He succeeds John Dietrich, who is retiring from the company after nearly 25 years.Steen has more than 30 years of experience in aviation and logistics, including 16 years of executive leadership ...
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Kuehne+Nagel and Atlas Air team up on Sustainable Engine Alliance
Kuehne+Nagel, Atlas Air and SR Technics Group have formed the Sustainable Engine Alliance which aims to reduce the environmental impact of aircraft engine supply chains.The alliance said that it would deploy sustainable fuels, engine stand management solutions and a global digital interface for emission transparency, reduction and avoidance.The initiative is ...
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Investor group completes Atlas Air acquisition
An investor group led by Apollo Global Management has completed the acquisition of freighter operator Atlas Air Worldwide Holdings.The deal was first announced in August last year with an equity value of around £3bn, although FlightGlobal reports the final deal had a value of around $2.9bn. The completion of the ...
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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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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 takes delivery of another B747F
Atlas Air has continued to expand its fleet of widebody freighters through the addition of its latest B747-8 aircraft - one of the last iconic 'jumbo jets' that will be built.The aircraft is the second of four new B747-8 freighters ordered by Atlas Air in 2021. These are the last ...
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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 ...