Key Developments For Atlas Air Worldwide Holdings, Inc.
Atlas Air Worldwide Holdings, Inc. (AAWW.O) (Nasdaq)
Atlas Air Worldwide Holdings, Inc. Completes Offering Of Common Stock
Atlas Air Worldwide Holdings, Inc. announced the completion of its offering of the Company common shares to the public. The offering, which was priced at $25.75 per share on October 28, 2009, covered an aggregate of 4,600,000 common shares, including 600,000 shares purchased by the underwriters to cover over-allotments. The aggregate net proceeds from the offering, after underwriting discounts and estimated expenses, were approximately $112.5 million. The Company expects to use the proceeds for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions. Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. served as the joint book-running managers for the offering, and BB&T Capital Markets, Stephens Inc. and CJS Securities, Inc. served as co-managers.
Atlas Air Worldwide Holdings, Inc. Announces Pricing Of Common Stock Offering
Atlas Air Worldwide Holdings, Inc. announced that it has priced its offering of 4,000,000 shares of its common stock. The public offering price will be $25.75 per share. The underwriters will also have a 30-day option to purchase 600,000 additional shares of common stock from the Company at the public offering price, less the underwriting discount. Upon the closing of the offering, which is expected to occur on November 3, 2009, and which is subject to satisfaction of various customary closing conditions, AAWW will receive net proceeds of approximately $98.1 million, assuming no exercise of the underwriters` option to purchase additional shares. The Company expects to use the proceeds for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions. Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. are serving as the joint book-running managers for the offering.
Atlas Air Worldwide Holdings, Inc. Comments On Q4 2009 And FY 2010 Earnings Outlook; Announces Common Stock Offering
Atlas Air Worldwide Holdings, Inc. announced that for the fourth quarter of 2009, it expects net earnings to exceed $18 million. For fiscal 2010, the Company expects net earnings to be consistent with current expected fiscal 2009 levels of earnings before one-time items. According to Reuters Estimates, analysts on an average are expecting the Company to report net profit of $18 million for the fourth quarter of 2009; net profit of $54 million for fiscal 2009; net profit of $59 million for fiscal 2010. The Company also announced that it plans to offer, subject to market conditions, 5,250,000 shares of its common stock in an underwritten public offering. In addition, the Company intends to grant the underwriters in the offering a 30-day option to purchase up to 787,500 additional shares. The Company intends to use the net proceeds from the offering for general corporate purposes, including the financing of capital expenditures or funding of potential acquisitions or other business transactions. Morgan Stanley & Co. Incorporated and Goldman, Sachs & Co. will serve as the joint book running managers for the offering.
Atlas Air Worldwide Holdings, Inc. Announces Planned Expansion into Outsourced Passenger Aircraft Operations
Atlas Air Worldwide Holdings, Inc. announced that its Atlas Air unit has been selected to operate an outsourced passenger private charter service for the U.S.-Africa Energy Association (USAEA). The Agreement to operate the charter was reached with SonAir - Serviço Aéreo, S.A. (SonAir), acting as agent for the USAEA.
Atlas Air Worldwide Holdings, Inc. To Train Air Force One (VC-25) And E4-B Flight Crews At Training Facilities
Atlas Air Worldwide Holdings, Inc. announced that the U.S. Air Force will be extending its contract with Atlas Air, Inc. for the flight training of Air Force pilots and flight engineers who fly the VC-25, also known as Air Force One, and the E-4B National Airborne Operations Center through 2010.
