Atlas Air and Polar Air Cargo Worldwide Finalize New Labor Agreement with Pilots

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced that it has completed a new, five-year collective bargaining agreement with pilots and flight engineers of Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. The agreement, which is effective from September 2011, completes the merger of the Atlas and Polar crew forces into a single collective bargaining unit with an integrated seniority list.