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…

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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.