|Parent company||Atlas Air Worldwide Holdings|
|Headquarters||Purchase, New York, United States|
|Key people||William J. Flynn (CEO, President)|
|Revenue||US$1.822B (FY 2015)|
|Operating income||US$123.5M (FY 2015)|
|Net income||US$62.4M (FY 2015)|
|Total assets||US$4.16B (FY 2015)|
|Total equity||US$1.45B (FY 2015)|
|Traded as||NASDAQ: AAWW
S&P 600 Component
Atlas Air Worldwide Holdings (NASDAQ: AAWW) is a cargo airline, passenger charter airline, and aircraft lessor based in Purchase, New York. 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. In 2015, Atlas Air had 2925 employees and operated to 426 destinations in 123 countries.
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.
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.
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.
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 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.
On April 7, 2016, Atlas Air Worldwide Holdings purchased Southern Air for $110 million in an all-cash deal. 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 PrimeAir. 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. This move comes after Amazon's similar deal with Air Transport International for 20 aircraft, also to be branded under PrimeAir.
Atlas Air Worldwide Holdings is made up of Atlas Air, Inc., Polar Air Cargo., Southern Air Inc., Florida West International Airways, and Titan Aviation Holdings. 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.
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.
The Atlas Air Worldwide Holdings fleet consists of the following aircraft:
|Boeing 737-300F||1||—||Leased to customer by Titan|
|Boeing 737-400F||5||—||Operated by Southern|
|Boeing 737-800||1||—||Leased to customer by Titan|
|Boeing 747-400||4||—||2 operated for charter with 474 seats
2 in CMI service
|Boeing 747-400BCF||2||—||1 painted all white; 1 painted in Atlas livery|
|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,
1 operated for Etihad Cargo
3 operated for Qantas Freight
|Boeing 747-8F||10||—||1 operated for Panalpina; 4 operated for DHL; 1 operated for Etihad Airways|
|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||3||19||20 new aircraft to be acquired and converted for Amazon services to be operated by Prime Air (2016-2018 delivery)|
|Boeing 767-300ERF||5||—||Operating for DHL Express|
|Boeing 767-300ER||3||—||Operating ad hoc charter, as seen in this photo: N641GT|
|Boeing 777F||11||—||5 Operated by Southern, 6 leased to customer by Titan|
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.
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.
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.
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.
In March 2016, a safety slide fell off of an Atlas Air 767 in the Mesa, Arizona area.
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- "Emergency escape slide from jumbo jet falls from plane and hits Mesa home".
Media related to Atlas Air at Wikimedia Commons