Atlas Air Worldwide completes Southern Air acquisition

Atlas Air Worldwide Holdings has completed its acquisition of Southern Air Holdings in a deal worth $110m.
The deal, which was funded with cash on hand, was first announced in January this year but was finally completed today.
Atlas said the deal would provide it entry into the Boeing 777 and B737 aircraft market.
Atlas Air Worldwide president and chief executive William Flynn said: “We are proud to welcome Southern Air, its operating companies, and its professional, experienced workforce to the Atlas family.
“Together, we will be a stronger, more diversified, more profitable company offering access to the widest range of modern, efficient aircraft for domestic, regional and international applications.
“We have known and respected Southern Air for some time, and we have a lot in common. We are both committed to safety, customer service, and performance excellence.
“Our complementary operations will also provide a broader array of services for customers and new avenues of business growth, which will generate greater opportunities for employees and drive value for shareholders.”

Share this story

Related Topics

Latest airlines news

One Air calls for UK-EU agreement to curb 747 strife

One Air is lobbying the new UK government to establish a bilateral agreement with the European Union (EU) that makes…

Read More

Share this story

Atlas Air secures funding to add more 747 freighters

Atlas Air has secured financing for the purchase of three Boeing 747-400 freighters to support e-commerce customers. The airline secured…

Read More

Share this story

Air Cargo News Awards finalists revealed!

Air Cargo News is delighted to reveal the finalists for this year’s Air Cargo News Awards. The team of 10…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.