Atlas Air Worldwide Commences Air Transport Service For Amazon

PURCHASE, N.Y., Aug. 11, 2016 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. AAWW today announced the inaugural flight of the first of 20 B767-300 converted freighters to be provided to Amazon AMZN to support the continuing expansion of Amazon's e-commerce business and to enhance its customer delivery capabilities.

The aircraft, the first in Amazon's new "Prime Air" livery and named "Amazon One," departed from Seattle-Tacoma International Airport (SEATAC) yesterday morning and landed at the Wilmington Air Park Airport (ILN) in Wilmington, Ohio. Bearing tail number N1997A, a prime number recognizing both the year Amazon became public and its Prime members, this aircraft is the newest addition to AAWW's portfolio of more than 80 aircraft.

"We are excited to begin serving Amazon and its customers," said William J. Flynn, President and Chief Executive Officer. "Our first flight represents a significant milestone for our company, and it marks the start of a strategic, long-term relationship."

Under long-term commercial agreements previously announced, AAWW's Titan Aviation leasing unit will dry lease the 20 B767-300s to Amazon. Its airline subsidiary, Atlas Air, Inc., will also operate the aircraft on a CMI (crew, maintenance and insurance) basis. The dry leases will have a term of 10 years, while the CMI operations will be for seven years (with extension provisions for a total of 10 years). Operations under the agreements are expected to ramp up to full service through 2018.

About Atlas Air Worldwide:

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc. (Atlas), Southern Air Holdings, Inc. (Southern) and Titan Aviation Holdings, Inc. (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Atlas Air Worldwide's companies operate the world's largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international applications.

Atlas Air Worldwide's press releases, SEC filings and other information may be accessed through the company's home page, www.atlasair.com.