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Atlas Air Worldwide Announces New 747-400 ACMI Contract With Astral Aviation

  Atlas Air Worldwide Announces New 747-400 ACMI Contract With Astral Aviation

          Freighter to Expand Carrier’s Africa-Europe Cargo Service

Business Wire

PURCHASE, N.Y. -- September 26, 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 entered into a contract with Astral Aviation
Limited, a Kenya-based cargo airline, to provide Boeing 747-400 Freighter
service.

The contract is for one aircraft under an ACMI (Aircraft, Crew, Maintenance
and Insurance) agreement, with service expected to begin in the next few
weeks. This is the first 747-400F in Astral Aviation’s global network, and it
will provide all-cargo operations between Europe and Africa.

Astral Aviation operates in partnership with UK-based ANA Airline Management
Limited. ANA specializes in the development and operation of all-cargo
aircraft across a wide range of scheduled routes as well as providing air
charter capacity on a worldwide basis to the various airlines it works in
partnership with. ANA was founded in 1985 and has offices throughout Europe,
Africa and North America.

“We are delighted to add Astral Aviation to our portfolio of ACMI customers,”
said William J. Flynn, President and Chief Executive Officer, Atlas Air
Worldwide.

“Atlas Air has the largest and most modern fleet in our industry, with a mix
of cargo and passenger aircraft, serving customers who are leaders in their
markets. Astral Aviation, through its affiliation with ANA Airline Management,
takes pride in providing reliable, high-quality service and looks forward to
expanding its international route network. Africa’s stature in global trade is
rapidly increasing, and we look ahead to welcoming both a new customer for
Atlas Air and to future opportunities for strategic expansion for both
companies.”

Sanjeev Gadhia, CEO of Astral Aviation, said: “We are excited about the
prospects for air cargo growth between Africa and Europe, as well as within
Africa. The Nairobi hub generates the highest volumes of perishable exports
into Europe and combined with the return loads of oil and gas equipment into
West Africa, the B747-400F is the perfect freighter.”

He continued, “We are deeply committed to building a stronger presence in the
cargo sector and to serving the growing demand that we see from customers in
Africa and around the world. In Atlas Air, we have found a first-rate partner
focused on operational excellence, security and outstanding customer service
who can help us expand with the market. We look forward to a rewarding
relationship that leverages each of our expertise to grow global trade.”

Andrew Leslie, Chairman of ANA, said: "We are extremely excited about this
expansion of our freighter managed fleet with Astral Aviation, with whom we
have had a long and successful business relationship for many years, and about
this opportunity to capitalize on the innovative, value-added services
provided by Atlas Air."

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 services 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.

About Astral Aviation:

Astral Aviation is a growing cargo airline that has been operating in the
African skies for the past 13 years, and has been rated as the leading African
All Cargo Airline. Astral Aviation is located at the freighter-friendly Jomo
Kenyatta International Airport, in Nairobi, Kenya, and its operations include
a combination of scheduled and ad hoc charter flights to over 60 destinations
within its intra-African network on a dedicated fleet of regional freighter
aircraft. Astral is totally committed to expanding its footprint in Africa and
beyond by setting up additional hubs in West Africa in 2014 and Southern
Africa in 2015, which will be integrated with its existing East African hub in
Nairobi to offer a wider network to its global clientele.

More information can be obtained on www.astral-aviation.com.

Contact:

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