Atlas Air Worldwide Holdings, Inc. Promotes Chief Commercial

  Atlas Air Worldwide Holdings, Inc. Promotes Chief Commercial OfficerMichael
  T. Steen to Executive Vice President

 Seasoned Cargo Executive, Key Contributor to Atlas Air’s Market Leadership,
              Innovative Customer Solutions and Business Growth

Business Wire

PURCHASE, N.Y. -- November 30, 2010

Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading global
provider of air cargo assets and outsourced aircraft operating solutions,
today announced the promotion of Michael T. Steen to Executive Vice President,
effective December 1, 2010. In addition to his promotion, he will continue to
serve as AAWW’s ChiefCommercialOfficer.

Mr. Steen oversees all aspects of the Company's global sales and marketing
activities, including strategy, new products and services, brand positioning
and marketing communications. He joined the Company in April 2007.

“Under Michael’s effective leadership, he and his team solidified our
relationships with our valued business partners including helping Atlas grow
its revenueeven during global economic challenges, established long-term
contracts with new customers for both ACMI and CMI placements and delivered
creative solutions to the charter and military markets,” said William J.
Flynn, President and Chief Executive Officer of AAWW.

“Michael has worked as a key member of our team over the past three and a half
years to transform AAWW into the strong company it is today. I am delighted
his work is being recognized with this promotion, and I look forward to
collaborating with him as we continue to strengthen our market leadership,
deliver innovative, value-added services to our global customers, and grow our
business and stockholder value,” continued Flynn.

Mr. Steen has extensive experience in air cargo and logistics. Before joining
AAWW, he served as Senior Vice President of Sales and Marketing for EXEL
Freight Management and Technology Sector and prior to that as Vice President
for the Americas for KLM Cargo.

Mr. Steen earned a degree in economic science from Katrinelund in Gothenburg,
Sweden, and is an alumnus of the Advanced Executive Program at the Kellogg
School of Management at Northwestern University. He currently serves as Vice
Chairman of The International Air Cargo Association (TIACA) and will assume
the Chairmanship in April 2011.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation
Leasing (Titan), and is 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, Titan and Polar offer a range of air cargo and aircraft operating
solutions that include ACMI aircraft leasing – in which customers receive a
dedicated aircraft, crew, maintenance and insurance on a long-term lease
basis; CMI service, for customers that provide their own aircraft; express
network and scheduled air cargo service; military charters; commercial cargo
charters; and dry leasing of aircraft and engines.

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

Contact:

Atlas Air Worldwide Holdings, Inc.
Investors:
Dan Loh, 914-701-8200
or
Media:
Bonnie Rodney, 914-701-8580
 
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