Atlas Air Worldwide Commends U.S.-EU Wet-Lease Services Agreement
August 29 2019 - 10:30AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) congratulates and
thanks the United States government for its long-standing efforts
to persuade the European Union to enter into a stand-alone
agreement allowing U.S. air carriers to provide wet-lease, or
ACMI (aircraft, crew, maintenance and insurance), services to
European carriers.
The U.S.-EU agreement eliminates one-sided,
short-term time constraints that severely limited the ability of
U.S. carriers to provide ACMI service in Europe, while European
carriers were under no such restrictions in the United States.
“We are extremely gratified that the United
States continues to pursue policies that promote open access to the
skies and broaden the marketplace for U.S. carriers,” said Chairman
and Chief Executive Officer William J. Flynn. “We applaud this new
arrangement between the U.S. and EU, and we look forward to the new
opportunities that it will bring.”
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: Dan Loh (Investors) – (914) 701-8200 Debbie Coffey
(Media) – (914) 701-8951
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