Atlas Air Worldwide Announces New Contract with Chapman Freeborn

  Atlas Air Worldwide Announces New Contract with Chapman Freeborn

Business Wire

PURCHASE, N.Y. -- February 6, 2013

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today that its
Atlas Air, Inc. unit has entered into a contract with Chapman Freeborn
Airchartering Ltd. to provide Boeing 747-400 Freighter service.

The contract is for one aircraft under a multiyear Aircraft, Crew, Maintenance
and Insurance (ACMI) agreement, with service beginning April 2013. This will
be the first dedicated 747-400F in Chapman Freeborn’s network fleet, which
regularly includes a large number of various aircraft types under long-term
arrangements. Chapman Freeborn first secured a 747-200F under a long-term
arrangement in 2009 and has had various other 747 freighters under contract
since that time.

“We are delighted that Chapman Freeborn, a leading air charter specialist, has
selected Atlas Air to provide it with capacity,” said William J. Flynn,
President and Chief Executive Officer, Atlas Air Worldwide. “Chapman Freeborn
has been a valued charter customer of ours for more than 12 years, and we
appreciate this opportunity to expand the scope of our longtime relationship.”

Chapman Freeborn Chief Executive Officer Russi Batliwala, said, “We are glad
to partner with Atlas Air. They share our values and entrepreneurial spirit
and are focused on operational excellence, security and outstanding customer
service -- as are we.”

About Atlas Air Worldwide:

Atlas Air Worldwide 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). Atlas Air Worldwide also maintains a 49% interest in
Global Supply Systems Limited (GSS). Through Atlas and Polar, Atlas Air
Worldwide operates the world’s largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of outsourced aircraft and aviation
operating solutions that include ACMI service – in which customers receive an
aircraft, crew, maintenance and insurance on a long-term basis; CMI service,
for customers that provide their own aircraft; express network and scheduled
air cargo service; military cargo and passenger charters; commercial cargo and
passenger charters; and dry leasing of aircraft and engines.

Atlas Air Worldwide’s press releases, SEC filings and other information can be
accessed through the Company’s home page,

About Chapman Freeborn:

Chapman Freeborn was established in the UK in 1973 and the group now comprises
of 35 offices in 25 countries around the world.

The company specializes in the charter and lease of fixed-wing and rotary-wing
aircraft for a wide ranging client base including international agencies such
as major international organizations, NGOs, major corporations, governments,
and a host of industries around the globe.

Chapman Freeborn has been voted Air Cargo Charter Broker of the Year at the
World Air Cargo Awards for the last six consecutive years. Industry
publication Air Cargo News also named the company as its Cargo Charter Broker
of the Year 2012.

Chapman Freeborn has over 450 employees worldwide and is currently ranked 32nd
in the Sunday Times HSBC Top Track 250 list of Britain’s biggest mid-market
private companies.

For more information


Atlas Air Worldwide Holdings, Inc.
Bonnie Rodney (Media) – (914) 701-8580
Dan Loh (Investors) – (914) 701-8200
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