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Atlas Air Lands Long-Term ACMI Placement With MSC Mediterranean Shipping Company

Atlas Air Worldwide’s Atlas Air subsidiary and MSC Mediterranean Shipping Company have entered into a long-term ACMI placement agreement for four new, incoming Boeing 777-200 Freighters.

Atlas Air Boeing 777-200 Freighter Rendering - Courtesy Atlas Air Worldwide

On Monday (September 26, 2022), Atlas Air Worldwide announced that their Atlas Air subsidiary has entered in to a long term aircraft, crew, maintenance and insurance (ACMI) Placement agreement with MSC Mediterranean Shipping SA. Under the agreement, Atlas Air will operate all four of their new, incoming Boeing 777-200 Freighters globally for MSC, with the first delivery expected in the fourth quarter of 2022. Atlas originally announced the aircraft order in January 2022. The 777-200Fs will provide complementary service capacity to MSC’s container shipping solutions.

In Monday’s announcement, Atlas Air Worldwide’s President and Chief Executive Officer, John Dietrich, said,

“We are pleased to welcome MSC as a new customer, and look forward to supporting MSC as it develops its airfreight business and further enhances its position as a global leader in transportation and logistics. This new agreement will allow MSC to capitalize on the state-of-the-art service solutions provided by our aircraft and crews, as well as the unparalleled air cargo expertise brought by our Atlas team.”

Also commenting on the new ACMI placements, MSC Mediterranean Shipping’s Chief Executive Officer, Soren Toft, said,

“We are delighted to announce the development of MSC Air Cargo, an exciting new offering for MSC clients. This strategic partnership with Atlas Air is the first step into this market and we plan to continue exploring various avenues to develop air cargo in a way that complements our core business of container shipping. Atlas Air’s fleet of 777 freighter aircraft is well-suited to support our entry into air cargo and this strategic initiative will ensure we meet the cargo requirements of our customers.”

Based in Geneva, Switzerland, MSC Mediterranean Shipping Company is a global leader in transportation and logistics. The privately-owned firm was founded by Gianluigi Aponte in 1970. The company has 675 offices in 155 countries worldwide, with the MSC Group employing over 150,000 team members. With access to an integrated network of road, rail and sea transport across the globe, MSC prides itself on delivering worldwide service with local knowledge. The company’s shipping line sails on over 260 trade routes, with over 500 ports of call.

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


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