Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. unit will operate two Boeing 767 aircraft leased to DHL Express by the company’s dry leasing entity, Titan Aviation. Atlas Air will operate the aircraft through its sister company, Polar Air Cargo Worldwide, Inc., linking the flights with Polar’s existing services for DHL and other customers.
The new operation represents a continued expansion of Atlas Air’s CMI (Crew, Maintenance and Insurance) service. The operation is expected to begin in late 2015 and early 2016 following the conversions of the two 767s from passenger to freighter configuration.
“By growing our CMI operations, we continue to diversify our business mix and to drive more predictable revenue and earnings streams,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide.
The company will operate 20 aircraft in its CMI operations when these units commence service.
Alaska Airlines is bringing the West Coast and Europe closer than ever with new nonstop service from Seattle to Athens and Paris, two of the world’s most iconic destinations that rank among the...
WestJet completed the transformation of its remaining all-economy aircraft, fulfilling its commitment to update the interior of all aircraft that were formerly operated by Swoop or Sunwing airlines. T...
TravelX announced that Kaszek, Latin America's leading venture capital firm, made a substantial investment in its platform, bringing the company's total funding to $45 million. The invest...
United and CAE celebrated the first phase of expansion at the world's largest pilot training facility, adding 40 new CAE training devices (a combination of full-motion and fixed simulators) since...
