Atlas Air Worldwide Holdings, Inc. Announces Stockholder Common Stock Offering

PURCHASE, N.Y.--(Business Wire)--
Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW) announced today that
HMC. Atlas Air, L.L.C. ("Harbinger") has commenced a public offering to sell
4,000,000 shares of AAWW`s common stock. In addition, Harbinger has granted the
underwriters in the offering the option to purchase an additional 15% of the
offered shares. Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated will
serve as joint bookrunning managers for the offering. AAWW will not receive any
proceeds from this offering.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to the registration or qualification under the securities laws of any such
state or jurisdiction.

A registration statement relating to these securities has been filed with the
Securities and Exchange Commission and is effective. A written prospectus for
this offering meeting the requirements of Section 10 of the Securities Act of
1933 (other than a free writing prospectus as defined in Securities Act Rule
405) may be obtained from Goldman, Sachs & Co., 85 Broad Street, SC Level, New
York, New York 10004, Attention: Prospectus Department, Toll-Free
1-866-471-2526, or by e-mail at prospectus-ny@ny.email.gs.com; or Morgan Stanley
& Co., 180 Varick Street, 2nd Floor, New York, New York 10014, Attention:
Prospectus Department, Toll Free 1-866-718-1649 or by e-mail at
prospectus@morganstanley.com.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing
Limited (Titan), and is the majority shareholder of Polar Air Cargo Worldwide,
Inc. (Polar). Through Atlas and Polar, AAWW operates the world`s largest fleet
of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of air cargo services that include ACMI
aircraft leasing - in which customers receive a dedicated aircraft, crew,
maintenance and insurance on a long-term lease basis - express network and
scheduled air cargo service, military charters, commercial cargo charters, and
dry leasing of aircraft and engines.

This release contains "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995 that reflect AAWW`s current
views with respect to certain current and future events and financial
performance. Such forward-looking statements are and will be, as the case may
be, subject to many risks, uncertainties and factors relating to the operations
and business environments of AAWW and its subsidiaries (collectively, the
"companies") that may cause the actual results of the companies to be materially
different from any future results, express or implied, in such forward-looking
statements.

Factors that could cause actual results to differ materially from these
forward-looking statements include, but are not limited to, the following: the
ability of the companies to operate pursuant to the terms of their financing
facilities; the ability of the companies to obtain and maintain normal terms
with vendors and service providers; the companies` ability to maintain contracts
that are critical to their operations; the ability of the companies to fund and
execute their business plan; the ability of the companies to attract, motivate
and/or retain key executives and associates; the ability of the companies to
attract and retain customers; the continued availability of our wide-body
aircraft; demand for cargo services in the markets in which the companies
operate; economic conditions; the effects of any hostilities or act of war (in
the Middle East or elsewhere) or any terrorist attack; labor costs and
relations; financing costs; the cost and availability of war risk insurance; our
ability to maintain adequate internal controls over financial reporting;
aviation fuel costs; security-related costs; competitive pressures on pricing
(especially from lower-cost competitors); volatility in the international
currency markets; weather conditions; government legislation and regulation;
consumer perceptions of the companies` products and services; pending and future
litigation; and other risks and uncertainties set forth from time to time in
AAWW`s reports to the United States Securities and Exchange Commission.

For additional information, we refer you to the risk factors set forth in the
documents filed by AAWW with the Securities and Exchange Commission. Other
factors and assumptions not identified above may also affect the forward-looking
statements, and these other factors and assumptions may also cause actual
results to differ materially from those discussed.

AAWW assumes no obligation to update such statements contained in this release
to reflect actual results, changes in assumptions or changes in other factors
affecting such estimates other than as required by law.

Atlas Air Worldwide Holdings, Inc.
Dan Loh (Investors), 914-701-8200
Mark Tender (Media), 914-701-8192

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