Atlas Air’s Michael Steen added to Cargo Facts Symposium speaker faculty

Cargo Facts is pleased to announce that Michael Steen, executive vice president and chief commercial officer of Atlas Air Worldwide, will be speaking at Cargo Facts Symposium 2020. Steen will speak on a virtual roundtable session dedicated to the topic of widebody freighters, titled, “Big birds and plenty of pallets: Will renewed interest in widebody […]

Atlas Air flies high on charters

On the back of what President and CEO John Dietrich called “an exceptional quarter,” Atlas Air Worldwide Holdings reported an adjusted net income of $123.2 million for the three months ended June 30, 2020, compared to $4.5 million for the same period in 2019. The charter segment was a significant contributor to the second-quarter performance. […]

Capacity crunch thrusts idled Southern Air 777F back into service

A 777F that has been sitting on the ground for almost a year has taken to the skies again, thanks to the COVID-19 crisis and the widespread shortage of airfreight capacity. The aircraft (35606) is owned by Titan Aviation, the dry-leasing arm of Atlas Air, and was previously operated by Emirates until January 2019. It […]

CFA 2020: Industry nuances to limit new entrants to freighter leasing

Ongoing growth in the air cargo industry and freighter operations amid the COVID-19 pandemic may not extend to new entrants to the leasing and operating spaces, according to speakers at this week’s Cargo Facts Asia 2020. Lead times for conversions, and other barriers to entry for this unique segment of the market pose challenges that […]

CFA to discuss freighter leasing in light of COVID-19

The impact of the COVID-19 crisis on the freighter aircraft leasing industry will be the central theme during Session 9 of the virtual edition of Cargo Facts Asia later this month. In this session, scheduled for 08:45 a.m. China Standard Time (05:45 p.m. PST/8:45 p.m. EST/ 12:45 a.m. GMT) on Wednesday, April 22, we will […]

Atlas posts $400M loss, parks four converted 747Fs

Atlas Air Worldwide Holdings today reported a net loss of $410.2 million for the fourth quarter of 2019, partly resulting from a non-cash special charge of $485.2 million related to the write-down of the company’s whole 747-400F fleet due to lower cargo yields and aircraft utilization. Atlas posted the loss despite block hours in the […]

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 […]
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