Atlas Air

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Atlas Air
Atlas Air Logo.svg
IATA
5Y
ICAO
GTI
Callsign
GIANT
Founded 1992
Hubs Miami International Airport
John F. Kennedy International Airport
Los Angeles International Airport
Cincinnati/Northern Kentucky International Airport
Anchorage International Airport
George Bush Intercontinental Airport
Huntsville International Airport
Fleet size 50
Destinations 430
Headquarters Purchase, New York
Key people William J. Flynn (President & CEO)
Revenue IncreaseUS$1.657B (FY 2013)[1]
Operating income IncreaseUS$187M (FY 2013)[1]
Net income IncreaseUS$93.8M (FY 2013)[1]
Total assets IncreaseUS$3.718B (FY 2013)[2]
Total equity IncreaseUS$32B (FY 2013)[2]
Website www.atlasair.com
Atlas Air Boeing 747-200
Atlas Air Boeing 747-400F in Emirates SkyCargo colours
Atlas Air Dreamlifter at Anchorage International Airport in 2011.
An Atlas Air Boeing 747-400F on final approach to Sydney Airport in 2005.

Atlas Air, Inc., is an American cargo and passenger charter airline based in Purchase, New York.[3] It operates flights on an ACMI (Aircraft, Crew, Maintenance and Insurance) and Air Charter basis for some of the world's leading airlines, express operators, freight forwarders, charter brokers, global shippers and the U.S. Military. Its crew bases include Miami International Airport, New York's John F. Kennedy International Airport, Los Angeles International Airport, Cincinnati/Northern Kentucky International Airport, Anchorage International Airport, Houston's George Bush Intercontinental Airport, and Huntsville International Airport.[4] The parent company is Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW).

History[edit]

The airline was founded in April 1992 by the late Pakistani American aerospace enthusiast Michael Chowdry, to specialize in the long-term contract outsourcing of its Boeing 747 aircraft based on the ACMI model. Under this new program, Atlas Air Cargo planes would be available to other airlines under long-term leases. It started operations in 1993 with one Boeing 747 contracted by China Airlines. In 1995, Atlas began trading publicly on NASDAQ and in 1997, appeared on the New York Stock Exchange. Also in 1997, Atlas placed an order for 10 new, more advanced Boeing 747-400 Freighters (Boeing 747-400F), increased to 12 in 1998. An initial public offering of 4 million shares was made in August 1998. In July 2004 the parent company completed its restructuring plan and emerged from Chapter 11 bankruptcy protection.[5]

In March 2010 Atlas Air was awarded a nine-year contract for the operation of the Boeing 747 Large Cargo Freighter (LCF) 'Dreamlifter' for transporting aircraft parts to Boeing from suppliers around the world. It commenced operation in September 2010 under a CMI (Crew, Maintenance and Insurance) contact.

In 2011, Atlas Air took delivery of the first three of what would be nine Boeing 747-8 Freighters (Boeing 747-8F).

The airline was named after Atlas, a Titan in Greek mythology, who carried the heavens on his shoulders. Their symbol on the plane's tail is a golden man carrying a golden world.

Passenger service[edit]

In October 2009, Atlas Air was selected to operate an outsourced premium passenger private charter service for the U.S.-Africa Energy Association (USAEA). The Agreement to operate the charter was reached with SonAir—Serviço Aéreo, S.A. (SonAir), acting as agent for the USAEA.

This new service replaced World Airways in May 2010, and Atlas operates the charter service with two newly customized Boeing 747-400 aircraft provided by SonAir's parent company. The aircraft are laid out to serve 189 passengers and consists of a 3 class configuration.

The charter service, which has become known as the "Houston Express", includes three dedicated weekly non-stop flights between Houston and Luanda, Angola. While it is not open to the public, it provides USAEA members with a premium non-stop transportation link to support complex long-term projects in the West African energy sector.[6]

The airline also charters service with a pair of 747-400's configured with 474 seats and a trio of 767-300ER's with 255 seats as of June 2012.

Safety issues[edit]

During early 2010, an Atlas Air aircraft was involved in a safety and maintenance incident. In February, the cover of part of the flap assembly on a Boeing 747 detached from the aircraft, which was in the process of landing in Miami, Florida. On 17 May, a similar incident occurred; in this case, part of the inboard flaps on the right wing of a Boeing 747 separated from the aircraft. Due to alleged improper maintenance practices, the US Federal Aviation Administration on 5 May proposed a roughly $500,000 fine against the airline. The airline is fighting the allegations.[7]

Destinations[edit]

Atlas Air carries freight worldwide, including destinations throughout Europe, Asia, Africa, Australia and the Pacific, as well as Latin America. Specific destinations vary due to changing customer's needs and seasonal air cargo trends.

Fleet[edit]

The Atlas Air, Inc. fleet operated by Atlas Air and Polar Air Cargo consists of the following aircraft with an average age of 12.8 years (as of March 2014 - does not include aircraft in CMI service):[8][9]

Atlas Air, Inc. Fleet
Aircraft In Service Orders Notes
Boeing 777-200LRF 6 Dry Leased long term to customers through wholly owned Titan Aviation Leasing
Boeing 747-8F 9 2 operated for Panalpina; 4 operated for DHL; 1 operated for Etihad Airways
Boeing 747-400F 21 10 operate Miami-South American routes or other ad hoc and military charters
6 are operated by Polar for DHL, of which 5 are in hybrid Polar Air Cargo / DHL livery, 1 is in standard Polar Air Cargo livery,[10][11]
1 operated for Etihad Cargo
2 operated for Qantas Freight
Boeing 747-400 4 2 operated for charter with 474 seats
2 in CMI service
Boeing 747-400BCF 1 Temporarily parked
Boeing 747 Dreamlifter 4 Boeing owned in CMI service
Boeing 767-200F 5 Operating for DHL Express
Boeing 767-200 1 Operating for MLW Air
Boeing 767-300ERF 2 Operating for DHL Express[12]
Boeing 767-300ER 3 Operating ad hoc charter, as seen in this photo: N641GT
Total 56

References[edit]

  1. ^ a b c Atlas Air Worldwide Holdings (AAWW) annual SEC income statement filing via Wikinvest.
  2. ^ a b Atlas Air Worldwide Holdings (AAWW) annual SEC balance sheet filing via Wikinvest.
  3. ^ "Investor Information." Atlas Air. Retrieved on August 6, 2011. "AAWW Investor Relations 2000 Westchester Avenue Purchase, NY 10577-2543"
  4. ^ "Atlas | Charter". Airline Pilot Central. 2012-05-10. Retrieved 2012-05-17. 
  5. ^ "Directory: World Airlines". Flight International. 2007-03-27. p. 80. 
  6. ^ "Atlas Air Worldwide Holdings". Atlasair.com. Retrieved 2012-05-17. 
  7. ^ "Miami flight signals more mechanical issues for Atlas Air". Flightglobal.com. 19 May 2010. Archived from the original on 23 May 2010. Retrieved 19 May 2010. 
  8. ^ "Atlas Air - Fleet". ch-aviation.ch. Retrieved 2014-03-13. 
  9. ^ "Polar Air Cargo - Fleet". ch-aviation.ch. Retrieved 2013-03-13. 
  10. ^ "Photos: Polar Air Cargo". airliners.net. Retrieved 2012-12-15. 
  11. ^ "Photos: Boeing 747-46NF/SCD Aircraft Pictures". Airliners.net. 2011-12-18. Retrieved 2012-05-17. 
  12. ^ Business Wire, Motley Fool. "Atlas Air Worldwide Expands CMI Service". Daily Finance. Retrieved 20 December 2012. 

External links[edit]