Atlas Air Worldwide Holdings, Inc. Launches New Website to

  Atlas Air Worldwide Holdings, Inc. Launches New Website to Improve Customer
  Service and Add to Value Proposition

 www.atlasair.com enhances Atlas Air’s ability to deliver a seamless, supply
chain solution for Emirates SkyCargo, Qantas Freight and the global airfreight
                                   industry

Business Wire

PURCHASE, N.Y. -- December 17, 2008

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) is the recognized leader in
international aviation outsourcing, utilizing the world’s largest fleet of
Boeing 747 freighter aircraft and a comprehensive global infrastructure to
provide superior services to the airline industry, the freight-forwarding
community, and commercial and military customers. “We provide the global
airfreight industry with unmatched technology and innovative solutions,
helping our customers to drive profitable growth,” said Atlas Air Worldwide
Holdings President and CEO William J. Flynn.

www.atlasair.com showcases Atlas Air’s full range of leadership customer
solutions:

  *Access to market-leading technology: high-quality airfreight capacity
    without a significant investment
  *Minimized risk for our customers

       *No investment in capital-intensive assets
       *Flexibility to adjust operations and capacity
       *Seamless integration into customer’s network

  *Guaranteed aircraft availability
  *Benefits from Atlas Air’s large-scale fleet economics
  *The scale and experience to offer customized solutions

Speaking to the value of the service solutions provided by Atlas Air, Hiran
Perera, Senior Vice President Freighters, Emirates SkyCargo said, “The
Emirates SkyCargo – Atlas Air relationship spans 14 years and is our longest
relationship with any ACMI provider. Today that relationship is a partnership
in every sense of the word, with Atlas knowing our business requirements as
well as we do. Without the reliability and support Atlas provides, Emirates
would not be able to provide our consistently high levels of service. We are
proud to work with such a professional team and look forward to continuing our
relationship with Atlas for many years to come.”

Michael Steen, Chief Marketing Officer of Atlas Air Worldwide Holdings, Inc.,
remarked, “We are proud that our customers continue to recognize the
world-class service and value we deliver to their businesses. The new
atlasair.com has been designed to make it easier for current and prospective
customers to access and evaluate our innovative airfreight solutions.”

Grant Fenn, Executive General Manager, Qantas Freight, also commented on the
value of the Atlas customer proposition: “The operation of our dedicated
freighter fleet has been a great success. They are used to operate a mix of
scheduled and charter services and support Qantas passenger aircraft belly
hold capacity to key cargo destinations.”

Atlas Air has a proven 15-year history of empowering global trade, and today
is the largest U.S. operator of the most-advanced/efficient freighter flying,
the Boeing 747-400. And Atlas will continue to lead, by providing our
customers access to the next generation 747-8F: an aircraft with even more
attractive payload, range, and environmental benefits.

“What truly makes us different is our ability to be a trusted consultant to
our customers, to evaluate their needs and develop customized solutions that
maximize both the efficiency and the profitability of their operations,”
continued Mr. Flynn. “The largest, most successful airlines and
freight-forwarders in the world rely on Atlas Air to deliver a seamless
solution for their businesses.”

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and the majority
shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and
Polar, AAWW operates the world’s largest fleet of Boeing 747 freighter
aircraft.

Atlas and Polar offer a range of air cargo services that include ACMI aircraft
leasing – in which customers receive a dedicated aircraft, crew, maintenance
and insurance on a long-term lease basis – express network and scheduled air
cargo service, military charters, commercial cargo charters, and dry leasing
of aircraft.

AAWW’s press releases, SEC filings and other information may be accessed
through the Company’s home page, www.atlasair.com.

Contact:

Atlas Air Worldwide Holdings, Inc.
Media
Mark Tender, 914-701-8192
or
Investors
Dan Loh, 914-701-8200
 
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