Atlas Air

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Atlas Air
Atlas Air Worldwide logo.svg
IATA ICAO Callsign
5Y GTI GIANT
Founded 1992
Hubs
Fleet size 81
Destinations 426
Parent company Atlas Air Worldwide Holdings
Headquarters Purchase, New York, United States
Key people William J. Flynn (CEO, President)
Revenue IncreaseUS$1.822B (FY 2015)[1]
Operating income IncreaseUS$123.5M (FY 2015)[1]
Net income DecreaseUS$62.4M (FY 2015)[1]
Total assets IncreaseUS$4.16B (FY 2015)[1]
Total equity IncreaseUS$1.45B (FY 2015)[1]
Employees 2646
Website Official website
Atlas Air
Traded as NASDAQAAWW
S&P 600 Component
Website www.atlasair.com/aa/

Atlas Air Worldwide Holdings (NASDAQAAWW) is a cargo airline, passenger charter airline, and aircraft lessor based in Purchase, New York.[2] 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. As of December 31, 2016, Atlas Air had 2646 employees and operated to 425 destinations in 119 countries.[3]

History[edit]

The airline was founded in April 1992 by the late Michael Chowdry, It started operations in 1993 with one airplane contracted by China Airlines. In 1995, Atlas began trading publicly. Also in 1997, Atlas placed an order for 10 new, more advanced Boeing 747-400 Freighters (Boeing 747-400F), increased to 12 in 1998.

On January 30, 2004, Atlas Air World Wide entered Chapter 11 bankruptcy. In July 2004 the parent company completed its restructuring plan and emerged from Chapter 11 bankruptcy protection.[4]

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 been used by the US government for rendering detainees.[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 the first North American delivery of the Boeing 747-8 Freighter (Boeing 747-8F).

In September 2012, Atlas Air renewed a training contract with the United States Air Force to continue to provide training for the pilots of Air Force One. The contract also provides training for the Presidential Airlift Group for a five-year period.[6]

January 2013, Atlas Air, among eleven others, were awarded part of a $694 million contract from US TRANSCOM. It is a 5-year indefinite delivery/quantity for international commercial air cargo transporters. To transport hazardous material and life and death cargo services for domestic and International ships.

July 2012, three contracts under the 'Theater Express II program', were awarded by US TRANSCOM. To provide air cargo pickup and delivery for U.S. Central Command. They will compete for individual orders over the lifetime of the contract, with one year option periods. In total they will be competing for the $2.916 billion total over the next four years.[7]

On April 7, 2016, Atlas Air Worldwide Holdings purchased Southern Air for $110 million in an all-cash deal.[5] The transaction included Worldwide Air Logistics Group, Inc. and its two operating subsidiaries, Southern Air, Inc. and Florida West International Airways, Inc.

On May 5, 2016, Amazon.com and Atlas Air announced a deal for Amazon.com to lease 20 Boeing 767s in order to fuel growth to their new Amazon Prime air freight service, branded as Amazon Prime Air. The deal also warrants Amazon the ability to buy up to 30% stake in the company over the next 7 year. The deal agrees for Atlas Air Inc. to provide aircraft, crew, maintenance, and insurance that will last for 7 years.[8] This move comes after Amazon's similar deal with Air Transport International for 20 aircraft, also to be branded under PrimeAir.

In March of 2017 Atlas Air Worldwide Holdings closed Florida West International Airways and cancelled the operating certificates.

On June 5, 2017, Atlas Air Worldwide Holdings announced the placement of a 747-400f with Yangtze River Airlines under an ACMI agreement. [9]

Operations[edit]

A 747-8F lines up on Runway 27 at CVG as a 747-400F lands on 18C

Atlas Air Worldwide Holdings is made up of Atlas Air, Inc., Polar Air Cargo., Southern Air Inc., and Titan Aviation Holdings. Prior to 2017 it also operated Florida West International Airways. Atlas Air Worldwide Holdings headquarters is in Purchase, New York. Atlas 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, along with a dry-leasing freighter aircraft.

Atlas Air's crew bases are located at Miami International Airport, New York's John F. Kennedy International Airport, Los Angeles International Airport, Chicago O'hare International Airport, Seattle Paine Field, Cincinnati/Northern Kentucky International Airport, Anchorage International Airport, Houston's George Bush Intercontinental Airport, and Huntsville International Airport.[10]

Destinations[edit]

Atlas Air operates globally, with destinations throughout North America, South America, Europe, Asia, Africa, and Oceania. Specific destinations vary due to changing customer's needs and seasonal trends.

Fleet[edit]

Atlas Air Boeing 747-200
Atlas Air Boeing 767-300ER

The Atlas Air Worldwide Holdings fleet consists of the following aircraft:[11]

Atlas Air Worldwide Holdings Fleet
Aircraft In Service Orders Notes
Boeing 737-300F 1 Leased to customer by Titan
Boeing 737-400F 5 Operated by Southern Air
Boeing 737-800 1 Leased to customer by Titan
Boeing 747-400 4 2 operated for charter with 474 seats
2 operating for SonAir
Boeing 747-400BCF 2 1 painted all white; 1 painted in Atlas livery
Boeing 747-400F 25 10 operate Miami-South American routes or other ad hoc and military charters
7 are leased to Polar operated by Atlas for DHL Express, of which 6 are in hybrid Polar Air Cargo / DHL livery
1 is in standard Polar Air Cargo livery,[12][13]
3 operated for Qantas Freight
Boeing 747-8F 10 1 operated for Panalpina; 6 operated for DHL
Boeing 747 Dreamlifter 4 Boeing owned in CMI service
Boeing 757-200F 1 Operated for DHL Express, owned by Titan Aviation dry-leasing subsidiary
Boeing 767-200 1 MLW Air owned in CMI service
Boeing 767-200F 9 Operating for DHL Express
Boeing 767-300BCF 7 13 20 new aircraft to be acquired and converted for Amazon services to be operated by Prime Air (2016-2018 delivery)
Boeing 767-300ERF 2 Operating for DHL Express[14]
Boeing 767-300ER 6 Operating ad hoc charter, as seen in this photo: N641GT
Boeing 777F 11 5 Operated by Southern, 6 leased to customer by Titan
Total 89 13

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.[15]

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

Dry leasing[edit]

Atlas Air Worldwide Holdings also operates a dry leasing subsidiary called Titan Aviation Holdings, dry-leasing passenger and cargo aircraft to other airlines. Through Titan Aviation, Atlas Air currently owns 10 planes for dry-leasing to other operators - six Boeing 777 freighters, one Boeing 757 freighter (leased to parent Atlas Air), two Boeing 737-800 passenger aircraft (one stored), and one Boeing 737-300 freighter.[16]

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.[17]

In March 2016, a safety slide fell off of an Atlas Air 767 in the Mesa, Arizona area.[18]

References[edit]

  1. ^ a b c d e "Atlas Air Worldwide Holdings (AAWW) Stock Report – NASDAQ.com". 
  2. ^ "Investor Information." Atlas Air. Retrieved on August 6, 2011. "AAWW Investor Relations 2000 Westchester Avenue Purchase, NY 10577-2543"
  3. ^ "Archived copy" (PDF). Archived from [www.atlasair.com/holdings/images/atlasair-fact-sheet.pdf the original] Check |url= value (help) (PDF) on 2016-03-09. Retrieved 2016-04-10. 
  4. ^ "Directory: World Airlines". Flight International. 2007-03-27. p. 80. 
  5. ^ https://www.amnesty.org/en/library/info/AMR51/051/2006
  6. ^ "Atlas Air Worldwide Wins Air Force One Training Contract". Archived from the original on 21 December 2014. Retrieved 22 November 2014. 
  7. ^ "The US Military’s International Airlift Contracts". Retrieved 22 November 2014. 
  8. ^ Jamerson, Joshua. "Amazon Partners with Atlas Air Worldwide for Cargo Services". WSJ.com. Retrieved 15 September 2016. 
  9. ^ [www.atlasair.com/holdings/images/atlasair-fact-sheet.pdf "Globe News Wire"] Check |url= value (help) (PDF). globenewswire.com. 6 June 2017. 
  10. ^ "Atlas | Charter". Airline Pilot Central. 2012-05-10. Retrieved 2012-05-17. 
  11. ^ http://seekingalpha.com/filing/3424782?app=1&uprof=45
  12. ^ "Photos: Polar Air Cargo". airliners.net. Retrieved 2012-12-15. 
  13. ^ "Photos: Boeing 747-46NF/SCD Aircraft Pictures". Airliners.net. 2011-12-18. Retrieved 2012-05-17. 
  14. ^ Business Wire, Motley Fool. "Atlas Air Worldwide Expands CMI Service". Daily Finance. Retrieved 20 December 2012. 
  15. ^ "Atlas Air Worldwide Holdings". Atlasair.com. Retrieved 2012-05-17. 
  16. ^ "Atlas Air Corporate Fact Sheet" (PDF). Atlasair.com. Archived from the original (PDF) on 2014-12-13. Retrieved 2014-11-23. 
  17. ^ "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. 
  18. ^ "Emergency escape slide from jumbo jet falls from plane and hits Mesa home". 

External links[edit]

Media related to Atlas Air at Wikimedia Commons