All Atlas Air Worldwide articles – Page 3
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News
Atlas Air and ANA to code share on the transpacific
Atlas Air and All Nippon Airways (ANA) will launch a code share partnership on flights across the transpacific in October.Regulatory filings show that Atlas received approval for the partnership on September 28, with a launch date set for tomorrow (October 2)."Atlas Air, Inc. hereby requests a blanket statement of authorization ...
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Forwarder and shipper charter deals propel Atlas Air in Q2
Atlas Air Worldwide Holdings saw its operating revenues and income increase during the second quarter of the year as forwarders and shippers looked to secure freighter capacity through charter deals with the firm.The New York-headquartered lessor reported second quarter operating revenues of $825.2m — up 24.3% on year earlier — ...
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Atlas Air sees share price soar as investors circle
Atlas Air Worldwide Holdings has seen its share price increase rapidly since the start of the year as investors look to benefit from the ongoing capacity crunch.New York-headquartered Atlas Air Worldwide Holdings has seen its share price on the NASDAQ exchange double from $27.73 on January 2 to $55.72 as ...
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NTSB releases Atlas Air freighter crash findings
The National Transportation Safety Board (NTSB) has found that Atlas Air flight 3591 crashed outside Houston in 2019 after the first officer, due partly to sensory illusion, improperly reacted to inadvertent activation of the aircraft’s go-around mode.The NTSB, in conclusions released July 14, also cites first officer airmanship deficiencies and ...
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Atlas Air revives parked freighters as Covid-19 boosts demand
Atlas Air Worldwide has responded to increased airfreight demand over the last few months — a knock-on effect of the coronavirus pandemic — by bringing three of its Boeing 747 converted freighters, which had been parked, back into service.The lessor is also operating one of its Boeing 777 freighters that ...
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NewsAtlas Air boosts relief efforts in fight against Covid-19
Atlas Air Worldwide has been supporting the US President's Coronavirus Task Force, the Federal Emergency Management Agency (FEMA), Flexport.org’s Frontline Responders Fund and global companies around the world.In support of the White House’s Project Airbridge, funded by the Federal Emergency Management Agency (FEMA), Atlas Air Worldwide arranged several charters to ...
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Former Atlas CEO Flynn scoops Amtrak top job
Former chief executive of Atlas Air Worldwide Bill Flynn has landed the top job at North American rail firm Amtrak.Flynn will take over as chief executive and president on April 15, succeeding former Delta Air Lines chief executive Richard Anderson, who joined Amtrak in July 2017 on a three-year contract.Flynn ...
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Atlas Air expects China demand surge over coming weeks
Atlas Air Worldwide is expecting a surge in cargo over the coming weeks as Chinese factories continue to return to full operation following the extended Chinese New Year holiday closure.Speaking shortly after announcing its fourth quarter results, chairman and chief executive John Dietrich said that the group was getting a ...
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Atlas Air parks up B747Fs as market conditions take their toll
Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft as it reports a loss for 2019.The aircraft lessor’s full-year results show a net loss of $293.1m, while revenues rose slightly to $2.7bn from $2.6bn a year earlier.The company said ...
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NewsNew MRO hanger at CVG welcomed by Atlas Air
Atlas Air has welcomed the opening of a new $19m hangar dedicated to maintenance, repair and overhaul (MRO) of widebody aircraft at Cincinnati/Northern Kentucky International Airport (CVG).The 103,000-square-foot facility will be run by FEAM Aero, which has operated at the airport since 2015 and currently employs more than 200 technicians ...
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EL AL Israel Airlines back in the freighter market with Atlas deal
Freighter operator Atlas Air and EL AL Israel Airlines have entered an agreement that will allow the Tel Aviv-based carrier to expand its reach and cargo lift for its customers through the use of a B747.As part of the ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate ...
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Bain-Titan $1bn JV reflects a changing airfreight market
The joint venture between Bain Capital and Titan Aviation announced at the end of last year is expected to take aim at the e-commerce market and also reflects a changing air cargo market, according to one consultant.The joint venture deal will see Bain invest $360m of equity in the project ...
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NewsNew chief executive at Atlas Air Worldwide
John DietrichJohn Dietrich has taken over as chief executive of Atlas Air Worldwide.The promotion, first announced in July, sees Dietrich take over from William Flynn, who retires from the position after a 13-year tenure and will move over to become chairman of the board.Dietrich, who is also president of the ...
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NewsTitan Aviation and Bain Capital unveil $1bn freighter project
Aircraft lessor Titan Aviation and Bain Capital Credit will form a joint venture to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately $1bn.Under the joint venture, Bain and Titan have committed to provide $360m and $40m of equity capital, respectively, which may be supplemented with ...
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NewsAAWW claims further victory in labour dispute
Bill FlynnAtlas Air Worldwide Holdings (AAWW), a global provider of outsourced aircraft and aviation operating services, has claimed that its subsidiaries Atlas Air, Inc. and Southern Air, Inc. have “prevailed” in another legal dispute with the union that represents its pilots, the International Brotherhood of Teamsters (IBT).A statement from AAWW ...
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Atlas Air Worldwide releases third-quarter figures
Atlas Air Worldwide has revealed its third-quarter results for this year.From January to September, the airline reported an income of $60m – less than its $71.1m income from the first nine months of 2018.In the third quarter of this year, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) ...
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Amazon Air switches two freighters to ATSG from Atlas
Amazon Air has transferred the operation of two Boeing 767-300 freighters from Atlas Air to ATSG airline Air Transport International (ATI).Atlas confirmed the move and pointed out that the aircraft would still be dry leased to Amazon from its Titan Aviation Leasing unit.Atlas and Amazon said the move was linked ...
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Atlas to create 100 new jobs over the next five years
Aircraft lessor Atlas Air Worldwide Holdings has announced it will create 100 new jobs and expand its headquarter offices to accommodate its growing employee base.Atlas currently employs 568 professionals in New York and expects to retain those positions and create 100 additional jobs in the city over the next five ...
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Atlas wins arbitration ruling but pilots' union will fight on
Atlas Air has secured an important arbitration ruling in its prolonged legal battle with the union that represents its pilots.The US freighter operator’s parent group, Atlas Air Worldwide Holdings (AAWW), said in a statement that the August 26 arbitration decision “affirms that the merger provisions of the collective bargaining agreement ...
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AAWW ‘well positioned’ to face near-term headwinds
Second-quarter results at Atlas Air Worldwide Holdings (AAWW) took a hit from tariffs and trade tensions between the US and China, but the global provider of outsourced aircraft and aviation operating services remains confident of its long-term growth.Revenue for the three months ended June 30, 2019 stood at USD663.9mn, down ...
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