Highlights Expansion into New Gauge of Aircraft
Atlas Air Worldwide Holdings, Inc. (AAWW), a leading global provider of outsourced aircraft and aviation operating services, today said that its Atlas Air, Inc. unit has been selected by DHL Express to operate five B767 freighters owned by DHL in its North American network starting in 2012.
The agreement with DHL Express enhances Atlas Air's commitment to grow its non-asset-intensive CMI (Crew, Maintenance and Insurance) service solution, which was launched in 2010. The Company expects CMI to be a strategic driver of increased Company revenues and earnings and improved business mix over the next few years and beyond.
The agreement also highlights Atlas Air's further expansion into a new, attractive gauge of aircraft, the B767, which is expected to be an important part of the Company's fleet strategy going forward. Atlas Air's new B767 freighter and military-passenger operation complements its market-leading B747 freighter and passenger operation.