Atlas Air: Difference between revisions
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The airline was founded in April 1992 by the late [[Pakistani American]] aerospace enthusiast [[Michael Chowdry]], to specialise in the long-term contract outsourcing of its [[Boeing 747]] aircraft. It started operations in 1993 with one [[Boeing 747]] and contracted by [[China Airlines]]. In 1995 Atlas began trading publicly on the [[NASDAQ]], and in 1997 appeared on the [[New York Stock Exchange]]. An initial public offering of 4 million shares was made in August 1998. In 2001 the airline introduced a new program of leasing and services, based on the [[Aircraft, Crew, Maintenance and Insurance]](ACMI) model. Under this new program, Atlas Air cargo planes would be available to other airlines for operations such as charter flights. In July 2004 Atlas Air completed its restructuring plan and emerged from [[Chapter 11]] bankruptcy protection.<ref name="FI"/> Recently, AAWWH announced that [[DHL]] has bought long term rights to carry some of its cargo on Polar's aircraft. |
The airline was founded in April 1992 by the late [[Pakistani American]] aerospace enthusiast [[Michael Chowdry]], to specialise in the long-term contract outsourcing of its [[Boeing 747]] aircraft. It started operations in 1993 with one [[Boeing 747]] and contracted by [[China Airlines]]. In 1995 Atlas began trading publicly on the [[NASDAQ]], and in 1997 appeared on the [[New York Stock Exchange]]. An initial public offering of 4 million shares was made in August 1998. In 2001 the airline introduced a new program of leasing and services, based on the [[Aircraft, Crew, Maintenance and Insurance]](ACMI) model. Under this new program, Atlas Air cargo planes would be available to other airlines for operations such as charter flights. In July 2004 Atlas Air completed its restructuring plan and emerged from [[Chapter 11]] bankruptcy protection.<ref name="FI"/> Recently, AAWWH announced that [[DHL]] has bought long term rights to carry some of its cargo on Polar's aircraft. |
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In 2006, Amnesty International released a report on [[extraordinary rendition]] which found that Atlas Air was one of the airlines which was alleged to have be used by the US government for rendering detainees.<ref>http://www.amnesty.org/en/library/info/AMR51/051/2006</ref> |
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In March 2010 Atlas Air was awarded a nine-year contract for the operation of the [[DreamLifter|Boeing 747 Large Cargo Freighter (LCF)]] 'Dreamlifter' for transporting aircraft parts to Boeing from suppliers around the world. It will commence operation in September 2010. |
In March 2010 Atlas Air was awarded a nine-year contract for the operation of the [[DreamLifter|Boeing 747 Large Cargo Freighter (LCF)]] 'Dreamlifter' for transporting aircraft parts to Boeing from suppliers around the world. It will commence operation in September 2010. |
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Revision as of 23:08, 14 January 2012
| File:Atlas Air Logo.svg | |||||||
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| Founded | 1992 | ||||||
|---|---|---|---|---|---|---|---|
| Fleet size | 29 (+10 orders) | ||||||
| Destinations | 101 | ||||||
| Headquarters | Purchase, New York | ||||||
| Key people | William J. Flynn - President & CEO | ||||||
| Revenue |  US$1.06B (FY 2009)[1] | ||||||
| Operating income | US$227M (FY 2009)[1] | ||||||
| Net income | US$77.8M (FY 2009)[1] | ||||||
| Total assets | US$1.74B (FY 2009)[2] | ||||||
| Total equity | US$886M (FY 2009)[2] | ||||||
| Website | atlasair.com | ||||||
Atlas Air, Inc. is an American cargo airline based in Purchase, Harrison, New York.[3] It operates scheduled freight flights on a wet lease basis for some of the world's leading airlines, flying to 101 cities in 46 countries.[4] Its crew bases include: Miami International Airport, New York's John F. Kennedy International Airport, Los Angeles International Airport, Anchorage International Airport, Houston's George Bush Intercontinental Airport, and Huntsville International Airport. The parent company is Atlas Air Worldwide Holdings, Inc. (AAWW).
History
The airline was founded in April 1992 by the late Pakistani American aerospace enthusiast Michael Chowdry, to specialise in the long-term contract outsourcing of its Boeing 747 aircraft. It started operations in 1993 with one Boeing 747 and contracted by China Airlines. In 1995 Atlas began trading publicly on the NASDAQ, and in 1997 appeared on the New York Stock Exchange. An initial public offering of 4 million shares was made in August 1998. In 2001 the airline introduced a new program of leasing and services, based on the Aircraft, Crew, Maintenance and Insurance(ACMI) model. Under this new program, Atlas Air cargo planes would be available to other airlines for operations such as charter flights. In July 2004 Atlas Air completed its restructuring plan and emerged from Chapter 11 bankruptcy protection.[4] Recently, AAWWH announced that DHL has bought long term rights to carry some of its cargo on Polar's aircraft.
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 will commence operation in September 2010.
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) wholly owns Atlas Air,[4] Polar Air Cargo (51%), and a share of Global Supply Systems (49%). Atlas Air Worldwide Holdings is a public company with 1725 employees and 630 million USD market capitalization.[5]
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
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 First.
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]In addition to the Sonair arrangement, Atlas also charters service with a 767-300ER and 2 additional 747-400 passenger aircraft configured with high capacity seating layouts.
Safety issues
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
Both Atlas Air and Polar Air Cargo carry freight worldwide, including destinations throughout Europe for example Frankfurt, 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
The Atlas Air fleet consists of the following aircraft as of November 2011.[8] the airline has moastly 747's but also has 2 767-300ER's.
| Aircraft | Total | Orders | Notes |
|---|---|---|---|
| Boeing 747-200F | 5 | — | 2 operated for Kalitta Air |
| Boeing 747-400 | 3 | — | 2 operated for SonAir |
| Boeing 747-400BCF | 2 | 1 | |
| Boeing 747-400F | 13 | — | 3 operated for Emirates SkyCargo 2 operated for Qantas Freight 1 operated for TNT Airways 1 leased to Global Supply Systems |
| Boeing 747-400LCF | 4 | — | Operated for Boeing |
| Boeing 747-8F | 3 | 6 | |
| Boeing 767-300ER | 2 | — | Used for Charter Flights N641GT |
| Total | 29 | 10 |
Orders: At list prices, the Boeing 747-8F order is valued at about $3.4 billion. Atlas will begin taking delivery of the airplanes in 2011 and expects all 9 aircraft to be in service by the end of 2012. "With this order, Atlas Air remains the leader in providing the capacity and operational flexibility required by our air cargo customers using the state-of-the art freighter platform," said William J. Flynn, president and CEO of Atlas Air Worldwide Holdings. [citation needed] On September 21, 2011 Atlas Air announced they had cancelled 3 747-8F of the original 12 ordered.[9]
Atlas Air average fleet age is 18.2 years old as of December 2011.[10]
In Popular Culture
"Atlas Air" is the name of the final track on the 2010 album by British duo Massive Attack. Its lyrics deride Atlas Air's alleged involvement in human rights abuses.
References
- ^ a b c Atlas Air Worldwide Holdings (AAWW) annual SEC income statement filing via Wikinvest.
- ^ a b Atlas Air Worldwide Holdings (AAWW) annual SEC balance sheet filing via Wikinvest.
- ^ "Investor Information." Atlas Air. Retrieved on August 6, 2011. "AAWW Investor Relations 2000 Westchester Avenue Purchase, NY 10577-2543"
- ^ a b c "Directory: World Airlines". Flight International. 2007-03-27. p. 80.
- ^ "Company Profile for Atlas Air Worldwide Holdings (AAWW)". Retrieved 2008-10-21.
- ^ [1]
- ^ "Miami flight signals more mechanical issues for Atlas Air". Flightglobal.com. 19 May 2010. Retrieved 19 May 2010.
- ^ http://www.airlinepilotcentral.com/airlines/cargo/atlas.html
- ^ Atlas Air nixes order for three 747-8Fs. Flightglobal.com. Retrieved on 21 September 2011
- ^ Atlas Air Fleet Age Airfleets.net, Retrieved December 17, 2011.
External links
