Three More Aircraft Added to Strategic Agreement

PURCHASE, N.Y., Jan. 08, 2019 (GLOBE NEWSWIRE) — Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. unit has expanded its strategic agreement with Nippon Cargo Airlines (NCA) to add three NCA-owned Boeing 747-400 Freighters to the existing operation, bringing the total number of 747-400Fs operated on behalf of NCA to five.

The incremental aircraft will be operated on key routes across the fast-growing transpacific market, and are scheduled to enter service in April, July and September 2019.

“We are delighted to grow our partnership with Nippon Cargo Airlines,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “NCA has selected Atlas Air to operate its entire 747-400F fleet, and we look forward to continuing to provide NCA and its customers with an unmatched service and a platform for future global expansion.”

Hitoshi Oshika, President and Chief Executive Officer, NCA, said “The partnership with Atlas has enabled NCA to expand our network to capture growth opportunities throughout Asia. The addition of these three aircraft will allow NCA to provide our customers with additional airfreight capacity, especially for the growing e-commerce business.”

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., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our 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 cargo and passenger operations.

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

Contacts:  Debbie Coffey (Media) – (914) 701-8951
                 Dan Loh (Investors) – (914) 701-8200