All Atlas Air Worldwide Articles – Page 4
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News
Atlas Air parks up B747Fs as market conditions take their toll
Atlas Air has parked four of its B747-400 converted freighters and plans to reduce the use of more widebody aircraft as it reports a loss for 2019.The aircraft lessor’s full-year results show a net loss of $293.1m, while revenues rose slightly to $2.7bn from $2.6bn a year earlier.The company said ...
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NewsNew MRO hanger at CVG welcomed by Atlas Air
Atlas Air has welcomed the opening of a new $19m hangar dedicated to maintenance, repair and overhaul (MRO) of widebody aircraft at Cincinnati/Northern Kentucky International Airport (CVG).The 103,000-square-foot facility will be run by FEAM Aero, which has operated at the airport since 2015 and currently employs more than 200 technicians ...
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EL AL Israel Airlines back in the freighter market with Atlas deal
Freighter operator Atlas Air and EL AL Israel Airlines have entered an agreement that will allow the Tel Aviv-based carrier to expand its reach and cargo lift for its customers through the use of a B747.As part of the ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate ...
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Bain-Titan $1bn JV reflects a changing airfreight market
The joint venture between Bain Capital and Titan Aviation announced at the end of last year is expected to take aim at the e-commerce market and also reflects a changing air cargo market, according to one consultant.The joint venture deal will see Bain invest $360m of equity in the project ...
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NewsNew chief executive at Atlas Air Worldwide
John DietrichJohn Dietrich has taken over as chief executive of Atlas Air Worldwide.The promotion, first announced in July, sees Dietrich take over from William Flynn, who retires from the position after a 13-year tenure and will move over to become chairman of the board.Dietrich, who is also president of the ...
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NewsTitan Aviation and Bain Capital unveil $1bn freighter project
Aircraft lessor Titan Aviation and Bain Capital Credit will form a joint venture to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately $1bn.Under the joint venture, Bain and Titan have committed to provide $360m and $40m of equity capital, respectively, which may be supplemented with ...
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NewsAAWW claims further victory in labour dispute
Bill FlynnAtlas Air Worldwide Holdings (AAWW), a global provider of outsourced aircraft and aviation operating services, has claimed that its subsidiaries Atlas Air, Inc. and Southern Air, Inc. have “prevailed” in another legal dispute with the union that represents its pilots, the International Brotherhood of Teamsters (IBT).A statement from AAWW ...
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News
Atlas Air Worldwide releases third-quarter figures
Atlas Air Worldwide has revealed its third-quarter results for this year.From January to September, the airline reported an income of $60m – less than its $71.1m income from the first nine months of 2018.In the third quarter of this year, the company's EBITDA (earnings before interest, taxes, depreciation, and amortization) ...
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News
Amazon Air switches two freighters to ATSG from Atlas
Amazon Air has transferred the operation of two Boeing 767-300 freighters from Atlas Air to ATSG airline Air Transport International (ATI).Atlas confirmed the move and pointed out that the aircraft would still be dry leased to Amazon from its Titan Aviation Leasing unit.Atlas and Amazon said the move was linked ...
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News
Atlas to create 100 new jobs over the next five years
Aircraft lessor Atlas Air Worldwide Holdings has announced it will create 100 new jobs and expand its headquarter offices to accommodate its growing employee base.Atlas currently employs 568 professionals in New York and expects to retain those positions and create 100 additional jobs in the city over the next five ...
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News
Atlas wins arbitration ruling but pilots' union will fight on
Atlas Air has secured an important arbitration ruling in its prolonged legal battle with the union that represents its pilots.The US freighter operator’s parent group, Atlas Air Worldwide Holdings (AAWW), said in a statement that the August 26 arbitration decision “affirms that the merger provisions of the collective bargaining agreement ...
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News
AAWW ‘well positioned’ to face near-term headwinds
Second-quarter results at Atlas Air Worldwide Holdings (AAWW) took a hit from tariffs and trade tensions between the US and China, but the global provider of outsourced aircraft and aviation operating services remains confident of its long-term growth.Revenue for the three months ended June 30, 2019 stood at USD663.9mn, down ...
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News
Atlas Air to expand Kentucky operations
Atlas Air is expanding its operations in Kentucky by taking a long-term lease on a new facility in Erlanger, near the Cincinnati/Northern Kentucky International Airport (CVG).The new centre is expected to open in 2021 and Atlas predicts it will almost triple its workforce in Kentucky to more than 900 people ...
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News
Atlas pilots vow to fight on despite appeals court setback
Unions representing the pilots of Atlas Air and Polar Air Cargo have vowed to petition for a rehearing after a US appeals court ruled in favour of the aircraft operator over a work slowdown.Last week, the US Court of Appeals for the District of Columbia affirmed a Federal Court ruling ...
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News
Court rules in favour of Atlas in 'work slowdown' dispute
The US Court of Appeals for the District of Columbia has affirmed a Federal Court ruling that ordered Atlas Air pilots to end a work slowdown.The Federal Court had ruled that pilots should end slowdown practices such as leaving the gate on time - when it was possible for them ...
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News
Bill Flynn to retire as Atlas Air Worldwide CEO
Atlas Air Worldwide Holdings has announced that President and Chief Executive Officer William Flynn will retire from the company on January 1, after a 13-year tenure, and become Chairman of the Board on that date.The board has appointed John Dietrich, current Executive Vice President and Chief Operating Officer, as Flynn’s ...
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