Profile: Atlas Air Worldwide Holdings Inc (AAWW.OQ)
24 Mar 2017
Atlas Air Worldwide Holdings, Inc., (AAWW), incorporated on November 28, 2000, is a holding company with a principal operating subsidiary, Atlas Air, Inc. (Atlas). The Company is a provider of outsourced aircraft and aviation operating services, operating a fleet of 750 freighters, as well as operating 747 and 767 passenger aircraft and 767 freighters. It also owns and dries leases a fleet of aircraft, including over six 777 freighters. The Company operates through three segments, including aircraft, crew, maintenance and insurance (ACMI), Charter and Dry Leasing. 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 ACMI, as well as those through which it provides crew, maintenance and insurance; cargo and passenger charter services (Charter), and dry leasing aircraft and engines (Dry Leasing or Dry Lease). The Company's customers include airlines, express delivery providers, freight forwarders, the United States military and charter brokers.
The Company's ACMI segment provides aircraft, crew, maintenance and insurance services to customers. Also included in the ACMI segment is crew, maintenance and insurance (CMI), which provides crew, maintenance and insurance services. All of the Company's ACMI and CMI contracts provide that the aircraft remain under the Company's exclusive operating control, possession and direction at all times. The length of these contracts generally ranges from 2 to 20 years, although the Company offers contracts of shorter duration. In addition, it operates short-term, ACMI cargo and passenger services.
The Company competes with Air Atlanta Icelandic, Air Transport Services Group, Inc., Kalitta Air, LLC, Nippon Cargo Airlines and Western Global Airlines.
The Company's Charter segment provides full planeload air cargo and passenger aircraft charters to customers, including the United States military air mobility command (AMC), brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers. Charters are for one or more flights based on a specific origin and destination. Atlas also provides limited airport-to-airport cargo services to select markets, including several cities in South America. In addition, it also provides subcontracted Charter flights.
The Company competes with Cargolux, Kalitta Air, LLC, Nippon Cargo Airline and National Air Cargo.
The Dry Leasing segment provides cargo and passenger aircraft and engine leasing solutions. The customer operates, and is responsible for insuring and maintaining, the flight equipment. This business provides a specific aircraft or engine without crew, maintenance or insurance to a customer for compensation that is based on a fixed monthly amount. 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 provides asset management, passenger-to-freighter conversion and other aviation-related technical services.
The Company competes with GE Capital Aviation Services, AWAS, Guggenheim Aviation Partners, LLC, CIT Aerospace, Aviation Capital Group Corp., Air Castle Ltd., AerCap Holdings N.V., Fly Leasing and RBS Aviation Capital.
Atlas Air Worldwide Holdings Inc
2000 Westchester Ave
PURCHASE NY 10577-2543