All Atlas Air Articles – Page 3
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NewsAtlas takes delivery of second 777F for MSC Air Cargo operations
Photo: MSCAtlas Air has taken delivery of the second of four Boeing 777-200 freighters that it will operate on behalf of MSC Air Cargo.The new airline's freighters are being operated by Atlas Air following a long-term ACMI (aircraft, crew, maintenance, insurance) agreement announced in September last year.MSC Air Cargo's parent ...
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Atlas Air promotes Broekman
Atlas Air has promoted Richard Broekman to executive vice president, chief commercial officer and head of sustainability.In his new role, Broekman will be responsible for the development and execution of Atlas Air’s global commercial strategies, and the management of the corporate sales strategy for ACMI, CMI and charter services.Additionally, Broekman ...
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Kuehne+Nagel and Atlas Air team up on Sustainable Engine Alliance
Kuehne+Nagel, Atlas Air and SR Technics Group have formed the Sustainable Engine Alliance which aims to reduce the environmental impact of aircraft engine supply chains.The alliance said that it would deploy sustainable fuels, engine stand management solutions and a global digital interface for emission transparency, reduction and avoidance.The initiative is ...
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10 people charged with defrauding Polar Air Cargo Worldwide
10 people have been charged with defrauding Atlas Air Worldwide subsidiary Polar Air Cargo.Elements of the US criminal justice system, including the United States Attorney for the Southern District of New York, the Federal Bureau of Investigation (FBI) and the Internal Revenue Service (IRS), have cooperated to charge individuals with ...
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NewsCainiao partners with Shenzhen Airport and Atlas Air to advance air cargo
Photo: AlibabaCainiao Network has partnered with Shenzhen Bao’an International Airport to establish an air cargo centre and expanded its partnership with Atlas Air to launch more international chartered cargo flights from Shenzhen.The new flights from Shenzhen, China to São Paulo, Brazil, will operate twice a week, with a loading capacity ...
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Atlas Air expects takeover to complete in days
The takeover of freighter operator Atlas Air Worldwide Holdings is expected to complete in the coming days after the company gained the necessary approvals.In a stock exchange filing, the New York-headquartered firm said that as of March 14 "all regulatory conditions to closing set forth in the merger agreement were ...
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Atlas Air sees Q4 revenue win but global demand dampens 2022 results
Atlas Air saw revenue growth in the fourth quarter of 2022 thanks to “an increase in the average rate per block hour”.The US cargo airline’s revenues in the fourth quarter of 2022 are up 4% compared to the fourth quarter of 2021.Atlas Air said: “Higher Airline Operations revenue primarily reflected ...
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NewsBoeing delivers last ever Boeing 747 to Atlas
Boeing is delivering its last ever B747 to cargo airline Atlas Air today.The final airplane, a B747-8 freighter, is the 1,574th manufactured during 55 years of production.Boeing said in a press release on January 24: “Thousands of people – including current and former employees as well as customers and suppliers ...
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NewsFinal Boeing 747 leaves Everett Factory
The last Boeing 747, a B747-8 freighter version, has left the company's widebody factory in advance of delivery to Atlas Air in early 2023.Kim Smith, Boeing vice president and general manager, 747 and 767 programmes, said: "For more than half a century, tens of thousands of dedicated Boeing employees have ...
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Atlas Air takeover moves ahead after shareholders' approval
The takeover of Atlas Air Worldwide Holdings took a step forward yesterday when the firm's shareholders voted to approve the deal.More than 99% of the shareholder votes cast were in favor of the adoption of the agreement, which represented approximately 80.9% of the outstanding shares of company's common stock.The final ...
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NewsKuehne+Nagel takes delivery of dedicated B747 freighter
Copyright: Kuehne+NagelKuehne+Nagel (K+N) has started dedicated freighter operations through a partnership with lessor Atlas Air.In total, the freight forwarder will charter two brand-new B747-8 freighters from the lessor.The first of the two was named "Inspire" at a handing-over ceremony at the Boeing Everett Delivery Center in Everett.The two B747s are ...
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NewsCainiao expands Atlas partnership with Colombia airfreight route
Atlas Air 747-8F. Photo: Cainiao NetworkAlibaba Group logistics arm Cainiao Network has expanded its partnership with Atlas Air to launch a new airfreight route connecting China to Colombia to shorten transit times to South America.The service will be operated by a 130-tonne capacity B747-8F. The first flight will operate on ...
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Atlas Air takes delivery of another B747F
Atlas Air has continued to expand its fleet of widebody freighters through the addition of its latest B747-8 aircraft - one of the last iconic 'jumbo jets' that will be built.The aircraft is the second of four new B747-8 freighters ordered by Atlas Air in 2021. These are the last ...
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Atlas Air in B777F ACMI deal with MSC Air Cargo
Atlas Air will operate four new Boeing 777-200 freighters on a global ACMI (aircraft, crew, maintenance and insurance) basis for shipping company MSC's newly launched cargo airline.MSC Air Cargo is the latest cargo airline to be launched by a shipping firm - following on from Maersk Line and CMA CGM ...
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NewsAtlas Air extends partnership with Qantas Freight
Photo: Atlas AirUS cargo airline and lessor Atlas Air will extend its long-standing partnership with Australian airfreight carrier Qantas Freight to support Australia, Asia and US supply chains.The partnership between Atlas Air and Qantas Freight began in 2004. Under this extended agreement with Qantas Freight, Atlas Air will provide long-haul, ...
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Atlas Air sees profits slide in Q2 as costs rise
Atlas Air Worldwide, which yesterday announced it is being acquired in a $3bn deal, saw volumes and profits take a hit in the second quarter while revenues improved.The company saw revenue grow to $1.2bn in the second quarter of 2022, compared with $990m last year, volumes totaled 83,922 block hours, ...
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Atlas Air Worldwide to be acquired in $3bn takeover
Freighter firm Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group in an all-cash transaction with an enterprise valuation of approximately $5.2bn.The takeover is led by funds managed by affiliates of Apollo, affiliates of JF Lehman & Company, and Hill City Capital.Under the ...
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Reports: Apollo group in talks over Atlas Air takeover bid
A group led by investment firm Apollo Global Managment is in talks to purchase airfreight group Atlas Air Worldwide Holdings, according to Reuters.The newswire quotes a person familiar with the matter as saying that talks are at an advance stage, although no details of whether a deal had been reached ...
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NewsAtlas Air takes delivery of latest B747 freighter
Source: Atlas AirAtlas Air has taken delivery of the first of four Boeing B747-8 freighters - one of the last of the model to be built - for use on its recent long-term contract with Cainiao.The aircraft will operate between China, the US, Brazil and Chile on behalf of Cainiao, ...
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Atlas Air revenues improve despite volume decline
Atlas Air Worldwide reported improvements in revenues during the first quarter of the year despite a decline in volumes.The freighter lessor and operator saw first-quarter revenues increase by 20% on last year to $1bn, adjusted earnings before interest, tax, depreciation, amortisation (ebitda) increased 11.9% to $202,814 but net income dropped ...