Formula 1Chooses Atlas Air To Transport The World`s Most Technologically Advanced Race Cars

Atlas Air Proudly Continues Formula 1 Relationship, Flying Grand Prix Cars,
Equipment on World`s Most-Advanced Cargo Aircraft -- the Boeing 747-400F
PURCHASE, N.Y.--(Business Wire)--
Atlas Air, Inc. has recently completed successful cargo charters for F1, the
preeminent global motorsport championship, in support of the Australian,
Malaysian, Chinese, and Bahrain Grand Prix.

"Formula 1 is an unmatched championship series, where skill, technology, and
dedication are put to the ultimate test. Atlas Air is proud to have been chosen
again to transport teams, cars, and support equipment for F1`s global events,"
said William J. Flynn, President and Chief Executive Officer of Atlas Air`s
parent, Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW).

Atlas Air`s highly efficient and reliable Boeing 747-400 freighter fleet is the
industry benchmark for operating performance due to its cost and capacity
advantage over other freighters. Atlas Air is the world`s only 747-400F ACMI
provider. Designed as a freighter, not adapted for cargo, the 747-400F`s
nose-loading door and advanced cargo-management system allow for the quick and
efficient handling of oversized and extremely valuable loads.

And to even further Atlas` technological advantage for its customers, Atlas Air
is also the only ACMI provider to have ordered the next-generation Boeing 747-8
freighter -- a game-changing aircraft that is expected to provide significantly
greater payloads, less fuel burn, and a lower noise footprint.

About Atlas Air Worldwide Holdings, Inc.:

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

Atlas Air, 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.

AAWW`s press releases, SEC filings and other information may be accessed through
the Company`s home page, www.atlasair.com.

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

Copyright Business Wire 2009