AAWW

Investor Group Led by Apollo, Together With J.F. Lehman & Company and Hill City Capital, Completes Acquisition of Atlas Air Worldwide

Retrieved on: 
Friday, March 17, 2023
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Lehman”) and Hill City Capital (“Hill City”), has completed its previously announced acquisition of the Company.

Key Points: 
  • Lehman”) and Hill City Capital (“Hill City”), has completed its previously announced acquisition of the Company.
  • The Company will continue to maintain its global presence, continue to operate under the Atlas Air Worldwide name and be led by President and Chief Executive Officer John Dietrich and the Company’s current executive leadership team.
  • Atlas Air Worldwide shareholders are entitled to receive $102.50 in cash for each share of Atlas Air Worldwide (AAWW) common stock owned.
  • As a result of the transaction completion, Atlas Air Worldwide’s common stock no longer trades on the NASDAQ stock exchange.

Exponent Set to Join S&P MidCap 400; CVR Energy and Certara to Join S&P SmallCap 600

Retrieved on: 
Wednesday, March 15, 2023
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Apollo Global Management Inc. (NYSE: APO) is acquiring Atlas Air Worldwide Holdings in a transaction expected to close soon pending final conditions.

Key Points: 
  • Apollo Global Management Inc. (NYSE: APO) is acquiring Atlas Air Worldwide Holdings in a transaction expected to close soon pending final conditions.
  • S&P SmallCap 600 constituent Exponent Inc. (NASD: EXPO) will replace IAA Inc. (NYSE: IAA) in the S&P MidCap 400, and Certara Inc. (NASD: CERT) will replace Exponent in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 22.
  • Ritchie Bros. Auctioneers Inc. (TSX/NYSE: RBA) is acquiring IAA in a transaction expected to close soon pending final conditions.
  • Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Atlas Air Worldwide Reports Fourth-Quarter and Full-Year 2022 Results

Retrieved on: 
Thursday, February 23, 2023
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PURCHASE, N.Y., Feb. 23, 2023 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced full-year 2022 results, including net income of $355.9 million, or $10.53 per diluted share, compared with net income of $493.3 million, or $16.16 per diluted share, in 2021.

Key Points: 
  • “2022 was one of the best years in Atlas’ history, and we are pleased that we placed all eight of our new and incoming aircraft under long-term contracts.
  • All four new 747-8Fs and the first of four 777Fs have been delivered and are operating for strategic customers under attractive long-term agreements,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich.
  • In light of this pending acquisition, Atlas Air Worldwide will not hold an earnings conference call or provide forward-looking guidance.
  • Revenue grew to $1.21 billion in the fourth quarter of 2022 compared with $1.16 billion in the prior-year quarter.

Atlas Air Worldwide to Report Fourth-Quarter and Full-Year 2022 Results On Thursday, February 23

Retrieved on: 
Friday, February 17, 2023
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PURCHASE, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the fourth quarter and full year ended December 31, 2022, prior to the opening of stock market trading on Thursday, February 23.

Key Points: 
  • PURCHASE, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) will release results for the fourth quarter and full year ended December 31, 2022, prior to the opening of stock market trading on Thursday, February 23.
  • 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.
  • Lehman & Company, LLC and Hill City Capital LP.
  • In light of this pending acquisition, Atlas Air Worldwide will not hold an earnings conference call.

Atlas Air and Turkish Airlines Team Up to Provide Humanitarian Supplies for Earthquake Victims

Retrieved on: 
Friday, February 17, 2023
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PURCHASE, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an Atlas Air 747-8F departed from Washington Dulles International Airport carrying tons of humanitarian and relief supplies for earthquake victims in Turkey and Syria.

Key Points: 
  • PURCHASE, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced an Atlas Air 747-8F departed from Washington Dulles International Airport carrying tons of humanitarian and relief supplies for earthquake victims in Turkey and Syria.
  • Atlas Air is providing the aircraft and crew and Turkish Airlines is collecting clothes, shoes, medical supplies and other essentials.
  • “Through our partnership with Turkish Airlines, we are honored to contribute air freight capacity to deliver critical supplies to this region where they are needed the most,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide.
  • “We are moved by the heroic work of first responders and humanitarian organizations to provide relief to the communities impacted by this natural disaster.

Atlas Air Takes Delivery of Boeing’s Final 747 Production Aircraft

Retrieved on: 
Wednesday, February 1, 2023
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PURCHASE, N.Y., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced it has taken delivery of the final 747 ever to be produced by Boeing. The delivery of this aircraft is the last of four new Boeing 747-8 Freighters Atlas ordered in January 2021. Atlas Air will operate this aircraft for Apex Logistics, a Kuehne+Nagel company, under a long-term agreement.

Key Points: 
  • 747-8F Aircraft Placed Under a Long-Term Agreement Operating for Apex Logistics, a Kuehne+Nagel Company
    PURCHASE, N.Y., Jan. 31, 2023 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced it has taken delivery of the final 747 ever to be produced by Boeing.
  • The delivery of this aircraft is the last of four new Boeing 747-8 Freighters Atlas ordered in January 2021.
  • Atlas Air will operate this aircraft for Apex Logistics, a Kuehne+Nagel company, under a long-term agreement.
  • “It is fitting to deliver this final 747-8 Freighter to the largest operator of the 747, Atlas Air, where the ‘Queen’ will continue to inspire and empower innovation in air cargo.”

Titan Aircraft Investments and Georgian Airlines Announce Long-Term Agreement for a Boeing 737 Aircraft

Retrieved on: 
Thursday, December 15, 2022
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PURCHASE, N.Y., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Titan Aircraft Investments today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network.

Key Points: 
  • PURCHASE, N.Y., Dec. 15, 2022 (GLOBE NEWSWIRE) -- Titan Aircraft Investments today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network.
  • Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage this asset.
  • About Titan Aviation Holdings and Atlas Air Worldwide:
    Titan Aviation Holdings 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 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
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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 First of Four New Boeing 777-200 Freighters

Retrieved on: 
Monday, November 28, 2022
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The 777-200 Freighter will complement MSCs world-class container shipping solutions and expand service to key trade lanes for various industries, including those which traditionally have significant air cargo transportation needs.

Key Points: 
  • The 777-200 Freighter will complement MSCs world-class container shipping solutions and expand service to key trade lanes for various industries, including those which traditionally have significant air cargo transportation needs.
  • This aircraft is the first of four new Boeing 777 Freighters that Atlas will operate for MSC.
  • We are looking forward to this partnership with MSC, the worlds largest shipping company, as they enter into air cargo, said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide.
  • We believe that MSC Air Cargo is developing from a solid foundation thanks to the reliable ongoing support of our operating partner Atlas.

Atlas Air Takes Delivery of New Boeing 747-8 Freighter

Retrieved on: 
Wednesday, November 23, 2022
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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.