Atlas Air has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft. The new agreements build on the long-standing partnership between the companies, which started in 2008, including DHL’s acquisition of 49% of Polar Air Cargo.
On Tuesday (September 14, 2021), Atlas Air Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. announced a contract extension with DHL Express to continue operating 20 freighter aircraft. The agreements build on the long-standing strategic partnership between the companies which started in 2008, including DHL’s acquisition of 49% of Atlas Air’s subsidiary Polar Air Cargo, and a long-term agreement to operate six dedicated Boeing 747-400F’s on key Trans-Pacific routes. Atlas Air will continue to operate four aircraft types on behalf of DHL Express including six Boeing 747-8 freighters, two 747-400 freighters, eight 777-200 freighters and four 767-300 freighters.
In Tuesday’s announcement, Atlas Air Worldwide’s President and Chief Executive Officer, John W. Dietrich, said,
“DHL Express is a global leader in express and e-commerce, and it is our privilege to contribute to their continued success. These agreements build on our successful 13-year partnership. We look forward to continuing to provide DHL Express with critical capacity through our modern, fuel-efficient fleet. As this agreement indicates, Atlas is capitalizing on the strong global airfreight market conditions as we deepen relationships with our customers.”
Also commenting on the contract extensions, DHL Express’ Executive Vice President of Aviation, Rob Hyslop, said,
“We are pleased to extend our long-standing and valued partnership with Atlas Air. Continuing to utilize Atlas and its global operating capabilities enables us to best serve our customers and their continued high demand for fast international shipping, fueled by the megatrend of e-commerce and the overall importance of global trade.”
Purchase, New York-based Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) is a leading global provider of third-party aircraft and aviation operating services. Company subsidiaries include Atlas Air, Southern Air Holdings and Titan Aviation Holdings. Additionally, the company owns a majority stake in Polar Air Cargo Worldwide. Together, the Atlas Air family of companies operate the world’s largest Boeing 747 freighter fleet. The company also offers their customers a wide selection of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Source: Atlas Air Worldwide