Polar Air Cargo

AAR elects John W. Dietrich to its Board of Directors

Retrieved on: 
Friday, March 17, 2023

Wood Dale, Illinois, March 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that John W. Dietrich has been elected to AAR’s Board of Directors, effective immediately.

Key Points: 
  • Wood Dale, Illinois, March 17, 2023 (GLOBE NEWSWIRE) -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, announced today that John W. Dietrich has been elected to AAR’s Board of Directors, effective immediately.
  • Dietrich brings significant aviation and airline management expertise in both the airfreight and passenger sectors, as well as aircraft leasing.
  • He is also on the board of directors of Atlas Air Worldwide.
  • Mr. Dietrich recently joined the board of the Liberty City Optimist Club, dedicated to youth development initiatives in the Miami community.

Atlas Air Worldwide Shareholders Approve Proposed Acquisition by Investor Group Led by Apollo, Together with J.F. Lehman & Company and Hill City Capital

Retrieved on: 
Tuesday, November 29, 2022

Lehman) and Hill City Capital (Hill City) at its special meeting of shareholders held earlier today.

Key Points: 
  • Lehman) and Hill City Capital (Hill City) at its special meeting of shareholders held earlier today.
  • As announced previously, the transaction was unanimously approved by the Atlas Board of Directors, which recommended that Atlas shareholders approve the transaction.
  • The final voting results will be set forth in a Form8-Kfiled by Atlas with the U.S. Securities and Exchange Commission.
  • Upon closing, Atlas Air Worldwide will become a privately held company and shares of Atlas Air Worldwide common stock will no longer be listed on the Nasdaq stock exchange.

Atlas Air Takes Delivery of New Boeing 747-8 Freighter

Retrieved on: 
Wednesday, November 23, 2022

PURCHASE, N.Y., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced it has taken delivery of a Boeing 747-8 Freighter.

Key Points: 
  • PURCHASE, N.Y., Nov. 23, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced it has taken delivery of a Boeing 747-8 Freighter.
  • This aircraft is the third of four new Boeing 747-8 Freighters Atlas Air ordered in January 2021 and is the first of two 747-8Fs Atlas Air will operate for its customer Kuehne+Nagel under a long-term agreement.
  • This 747-8F delivery underscores the importance of our long-term strategic partnership with Kuehne+Nagel and our commitment to support their continued growth and expansion, said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide.
  • We are delighted to celebrate this with our partners Atlas Air and Boeing and looking forward to seeing our aircraft connecting the world.

Atlas Air Awarded Extension of Air Force One Pilot Training Agreement

Retrieved on: 
Monday, November 7, 2022

PURCHASE, N.Y., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that the United States Air Force (USAF) has extended its agreement with Atlas Air to train pilots and flight engineers for Air Force One.

Key Points: 
  • PURCHASE, N.Y., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that the United States Air Force (USAF) has extended its agreement with Atlas Air to train pilots and flight engineers for Air Force One.
  • Under the five-year extension of the agreement, which Atlas Air has held since 2007, crews for the Air Forces VC-25, a modified version of the Boeing 747-200, will receive ground and flight-simulator training at Atlas Airs world-class training center in Miami, Florida.
  • Air Force One, the designated call sign of the aircraft when the President is on board, consists of two specially configured Boeing 747-200B aircraft.
  • It is an honor to continue to provide this critical training to the pilots and crews of Air Force One and the Presidential Airlift Group, said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide.

Atlas Air Worldwide to Report Third-Quarter 2022 Results On Thursday, November 3

Retrieved on: 
Friday, October 21, 2022

PURCHASE, N.Y., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the third quarter ended September 30, 2022, prior to the opening of stock market trading on Thursday, November 3.

Key Points: 
  • PURCHASE, N.Y., Oct. 21, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the third quarter ended September 30, 2022, prior to the opening of stock market trading on Thursday, November 3.
  • As previously announced on August 4, 2022, Atlas Air Worldwide has entered into a definitive agreement to be acquired by an investor group led by funds managed by affiliates of Apollo Global Management, Inc., together with investment affiliates of J.F.
  • In light of this pending acquisition, Atlas Air Worldwide will not hold an earnings conference call.
  • Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services.

Titan Aircraft Investments and ASL Aviation Holdings Announce Long-Term Dry Lease Agreement for Boeing 737-800SF Aircraft

Retrieved on: 
Monday, October 17, 2022

PURCHASE, N.Y., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, today announced the placement of a Boeing 737-800SF converted freighter on long-term dry lease with ASL Aviation Holdings.

Key Points: 
  • PURCHASE, N.Y., Oct. 17, 2022 (GLOBE NEWSWIRE) -- Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, today announced the placement of a Boeing 737-800SF converted freighter on long-term dry lease with ASL Aviation Holdings.
  • Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), will manage the aircraft.
  • About Titan Aviation Holdings and Titan Aircraft Investments Ltd.:
    Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide, is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide.
  • Titan Aviation Holdings provides management services to the joint venture, including aircraft acquisitions, lease-management, passenger-to-freighter aircraft conversion oversight, technical expertise and disposal of aircraft.

Atlas Air Takes Delivery of New Boeing 747-8 Freighter

Retrieved on: 
Tuesday, October 4, 2022

PURCHASE, N.Y., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 747-8 Freighter.

Key Points: 
  • PURCHASE, N.Y., Oct. 04, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 747-8 Freighter.
  • As previously announced, this is the second of four new 747-8 Freighters ordered by Atlas Air in 2021.
  • Atlas Air Worldwide isa leading global provider of outsourced aircraft and aviation operating services.
  • Atlas Air Worldwides press releases, SEC filings and other information may be accessed through the companys home page, www.atlasairworldwide.com .

Atlas Air Worldwide Announces Long-Term ACMI Placement with MSC Mediterranean Shipping Company

Retrieved on: 
Monday, September 26, 2022

PURCHASE, N.Y., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. subsidiary and MSC Mediterranean Shipping Company SA have entered into an agreement that enables MSC to expand its reach and capacity for its customers.

Key Points: 
  • PURCHASE, N.Y., Sept. 26, 2022 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. subsidiary and MSC Mediterranean Shipping Company SA have entered into an agreement that enables MSC to expand its reach and capacity for its customers.
  • Atlas Air Worldwide isa leading global provider of outsourced aircraft and aviation operating services.
  • Atlas Air Worldwides press releases, SEC filings and other information may be accessed through the companys home page, www.atlasairworldwide.com .
  • MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte.

Titan Aircraft Investments and Ethiopian Airlines Announce Long-Term Dry Lease Agreement for Three Boeing 767 Freighter Aircraft

Retrieved on: 
Monday, September 12, 2022

We are honored that Ethiopian Airlines recognizes our industry and technical expertise and has placed its trust in Titan.

Key Points: 
  • We are honored that Ethiopian Airlines recognizes our industry and technical expertise and has placed its trust in Titan.
  • The addition of these three aircraft brings Titan Aircraft Investments freighter fleet to 10 aircraft, five of which are Boeing 767 converted freighters.
  • Ethiopian Airlines Group CEO Mesfin Tasew said: This dry lease agreement will be fundamental to our fast growing cargo operation as Ethiopian is a key global player in the air cargo business.
  • About Titan Aviation Holdings and Titan Aircraft Investments Ltd.:
    Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide, is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide.

Atlas Air Extends Partnership with Qantas Freight

Retrieved on: 
Thursday, August 11, 2022

PURCHASE, N.Y., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an agreement to extend its long-standing partnership with Qantas Freight, the leading air freight carrier in Australia.

Key Points: 
  • PURCHASE, N.Y., Aug. 11, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an agreement to extend its long-standing partnership with Qantas Freight, the leading air freight carrier in Australia.
  • The successful partnership between Atlas Air and Qantas Freight began in 2004.
  • We are pleased to extend our long-standing partnership with Qantas Freight and support its customers and network, said John W. Dietrich, Atlas Air Worldwide President and Chief Executive Officer.
  • Catriona Larritt, Executive Manager, Qantas Freight, added: Air freight remains in high demand for efficient deliveries for urgent, time-sensitive movements.