Bain invests in Atlas’ leasing business to launch cargo JV

Titan Aviation Holdings, the leasing subsidiary of Atlas Air Worldwide, and Bain Capital Credit today announced plans to establish a joint venture to develop a freighter aircraft leasing portfolio with a valuation of approximately $1 billion. Both companies will provide equity capital, with Bain and Titan initially contributing $360 million and $40 million, respectively. Long-term, […]

Amazon reassigns second 767F to ATSG

Air Transport Services Group (ATSG) affiliate carrier Air Transport International (ATI) has begun operating for Amazon another 767-300BDSF (28495, ex-S7 Airlines) that was previously flown for the e-tailer by Atlas Air [FATs 005250-005251]. This is the second aircraft that Amazon has transferred from Atlas to ATSG. On Sept. 25, unit 28495 flew from Jacksonville (VQQ) to […]

Atlas Air adds another 767-300BCF

Atlas Air Worldwide Holdings has taken redelivery of a 767-300BCF (27568, ex-Neos) from Boeing and this week put it into commercial service with Atlas Air [FAT 005122]. Although the aircraft is currently utilized for routes that are consistent with Amazon’s own-controlled network, the 767-300BCF is not dry leased to Amazon like the other nineteen 767Fs […]

Flynn retiring as Atlas CEO, with Dietrich to assume the role in 2020

Today, Atlas Air Worldwide Holdings announced that President and Chief Executive Officer William Flynn will retire from the company at the end of this year. Flynn will become chairman of the board upon his retirement.   Atlas’ current Executive Vice President and Chief Operating Officer, John Dietrich, will take Flynn’s place. Dietrich has been appointed president of the company effective immediately and will assume Flynn’s CEO role […]

CF EMEA 2019: lower asset utilization fuels European express market’s appetite for converted 767Fs

Low utilization rates and inefficient packaging are driving European express demand for freighter-converted 767Fs, said panelists at this week’s first-ever Cargo Facts EMEA event in Frankfurt. Dr. Joerg Andriof, Chief Operating Officer, Titan Aircraft Leasing, told delegates that the most efficient express networks in Europe utilize feeder aircraft, 737Fs, and 767Fs. “On the trunk routes […]

Atlas Air, ATSG appear to be operating more than twenty freighters each for Amazon

Based on data from FlightAware and FlightRadar24, forty-three 767Fs operated by Atlas Air and ATSG-affiliate carriers were flown on routes and schedules consistent with the Amazon Air network within the past three days. Forty-one of those had flights scheduled on 13 December. Now that both Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings […]
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