Atlas Air Worldwide Announces New 747-8F ACMI Contract with BST Logistics
(Hong Kong) Company Limited
PURCHASE, N.Y. -- December 16, 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 BST Logistics (Hong
Kong) Company Limited (BST Logistics), a business partner of Navitrans
International Freight Forwarding Co., Ltd., to provide Boeing 747-8 Freighter
The contract is for one aircraft under an ACMI (Aircraft, Crew, Maintenance
and Insurance) agreement, with service expected to begin in February 2014 and
operating in key global routes connecting the U.S., Europe and Asia.
BST Logistics provides dedicated airfreight services on a global basis and
serves some of the largest shippers in the world.
“BST Logistics is an important addition to our portfolio of ACMI customers,”
said William J. Flynn, President and Chief Executive Officer, Atlas Air
Worldwide. “We are pleased that it has chosen Atlas Air to operate parts of
its long-haul route network.
“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. BST Logistics is an important partner in the region and we are
pleased to provide our quality service to help it expand its international
Shen Hong, President, BST Logistics, said, “We have found a strong partner in
Atlas Air. Its broad network and excellent operations record will help us
achieve our vision to be a successful and profitable cargo operator as we
continue to increase our international footprint and connect Asia to the rest
of the world.”
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.
Atlas Air Worldwide Holdings, Inc.
Bonnie Rodney (Media), 914-701-8580
Dan Loh (Investors), 914-701-8200
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