Atlas Air to acquire Southern Air in $110m takeover

Atlas Air Worldwide Holdings has entered into a definitive agreement to acquire privately held Southern Air Holdings, a US provider of intercontinental and domestic air cargo services.
The deal is "an immediately accretive, all-cash, debt-free transaction" valued at approximately $110m, said Atlas.
The transaction is subject to customary closing conditions and approval by the US Department of Transportation, and is expected to close in the next few months.
More to follow…

Share this story

Related Topics

Latest americas news

Cargojet revenues buoyed by record peak season

By Damian Brett

Cargojet recorded a 7% year-on-year increase in revenues in 2019, helped in part by a strong end to the year….

Read More

Share this story

Atlas Air parks up B747Fs as market conditions take their toll

By Damian Brett

Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft…

Read More

Share this story

Network Airline Services scoops Trans Caribbean Cargo deal

By Damian Brett

Network Airline Services has been appointed by freighter operator Trans Caribbean Cargo (TCC) as its cargo general sales agent (CGSA)…

Read More

Share this story