Profile: Atlas Air Worldwide Holdings Inc (AAWW.O)
22 Aug 2017
Atlas Air Worldwide Holdings, Inc., (AAWW), incorporated on November 28, 2000, is a holding company. The Company provides outsourced aircraft and aviation operating services throughout the world, serving Africa, Asia, Australia, Europe, the Middle East, North America and South America through contractual service arrangements, including those through which it provides aircraft to customers and value-added services, including crew, maintenance and insurance (ACMI), as well as those through which it provides crew, maintenance and insurance, but not the aircraft (CMI); cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing). Its segments include ACMI, Charter and Dry Leasing. As of December 31, 2016, the Company operated fleet of 747 freighters and provided customers a range of 747, 777, 767, 757 and 737 aircraft for domestic, regional and international cargo and passenger applications. Its subsidiaries include Atlas Air, Inc. (Atlas) and Southern Air, Inc. (Southern Air).
The ACMI segment provides outsourced cargo and passenger aircraft operating solutions, including the provision of an aircraft, crew, maintenance and insurance. All of its ACMI and CMI contracts provide that the aircraft remain under its operating control, possession and direction at all times.
The Charter segment provides planeload cargo and passenger aircraft to customers, including the AMC, brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers. The Company also provides limited airport-to-airport cargo services to select markets, including various cities in South America.
The Dry Leasing segment provides aircraft and engines to customers. This business is primarily operated by Titan, which is principally a cargo aircraft dry lessor, but also owns and manages aviation assets, such as passenger narrow-body aircraft, engines and related equipment. Titan also markets its expertise in asset management, passenger-to-freighter conversion and other aviation-related technical services.
The Company competes with Air Atlanta Icelandic, Air Transport Services Group, Inc., Kalitta Air, LLC, Western Global Airlines, AirBridge Cargo Airlines, Cargolux, National Air Cargo, GE Capital Aviation Services, AWAS, Guggenheim Aviation Partners, LLC, Aviation Capital Group Corp., Aircastle Ltd., AerCap Holdings N.V. and Fly Leasing.
Atlas Air Worldwide Holdings Inc
2000 Westchester Ave
PURCHASE NY 10577-2543
Company Web Links
- BRIEF-Atlas Air Worldwide announces second 747-400F service for Nippon Cargo Airlines
- BRIEF-Atlas Air Worldwide Holdings says placed a 747-400 freighter with Yangtze River Airlines
- BRIEF-Atlas Air Worldwide board elects Robert Agnew as Chairman
- BRIEF-Atlas Air Worldwide prices convertible senior notes
- BRIEF-Atlas Air Worldwide increased senior notes offering size to $260 mln