Atlas Air Worldwide Announces New CMI Customer

  Atlas Air Worldwide Announces New CMI Customer

  Will Provide All-First Class Boeing 767-200 Passenger Service for MLW Air;
       Expands Growing Atlas 767 Platform into VIP Passenger Transport

Business Wire

PURCHASE, N.Y. -- June 20, 2013

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a leading global provider
of outsourced aircraft and aviation operating solutions, today announced that
its Atlas Air, Inc. unit has signed an agreement to operate a VIP-configured
Boeing 767-200 passenger aircraft in CMI service for MLW Air, LLC. Flights are
expected to commence this summer.

Under the new CMI (Crew, Maintenance, Insurance) agreement, Atlas Air will
operate MLW Air’s unique, all-first class, 102-seat Boeing aircraft, extending
Atlas Air’s innovative CMI service solution and its growing 767 aircraft
platform into very high-end passenger transport. The flights will be marketed
as charters to sports teams, entertainers and other high-profile users.

“This agreement to operate one of the world’s most distinctive aircraft
further expands our asset-light CMI service solution and diversifies our
business mix with additional passenger ability,” said William J. Flynn,
President and Chief Executive Officer, Atlas Air Worldwide.

“We look forward to offering MLW Air a combination of experienced pilots,
highly trained flight attendants and an outstanding maintenance and safety
record to provide a one-of-a-kind experience for passengers who demand the
best.”

“We are keenly anticipating our partnership with Atlas Air, trusted the world
over for operating aircraft to hundreds of destinations worldwide at any
time,” said Martin Woodall, Chief Executive Officer of MLW Air. “Our customers
demand outstanding service and reliability, and that’s why Atlas Air is the
right partner for us.”

MLW Air’s Boeing 767 is the only all-first class 767 commercial charter
aircraft with worldwide operations registered with the Federal Aviation
Administration. The dual-aisle plane features first class seats with 60-inch
pitch (the distance between a row of seats) in a two-by-two-by-two
configuration. The seats recline to 156 degrees for maximum comfort and come
with adjustable head and foot rests. The plane is ideal to meet the needs of
heads of state, celebrities, diplomats, professional sports teams,
entertainers, private parties, tour groups and other charter needs. The client
list includes the Dallas Stars and Dallas Mavericks and such entertainers as
Bruce Springsteen, the Rolling Stones and Beyoncé.

Atlas Air currently operates 10 Boeing 767s, including three passenger
aircraft and seven freighters. Its modern, efficient fleet also includes two
VIP-configured Boeing 747-400 passenger aircraft, 37 Boeing 747 freighters and
a recently acquired Boeing 777 freighter.

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, www.atlasair.com.

Contact:

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