top of page

The content on Breitflyte Airline News Network will always be free and won’t require a subscription. is a participant in several affiliate advertising programs designed to provide a means for us to earn fees by linking to affiliated sites.  We may earn a commission if you click on or make a purchase through one of our links.  Thank you for supporting our affiliate advertisers. 



Atlas Air Worldwide Becomes a Privately Held Company

The acquisition of Atlas Air Worldwide by an investor group led by Apollo, together with J.F. Lehman & Company and Hill City Capital has been completed. The company will continue to operate under the Atlas Air Worldwide name and be led by President & CEO John Dietrich.

Atlas Air Boeing 747F Freighter - Courtesy Atlas Air Worldwide

On Friday (March 17, 2023), Atlas Air Worldwide (AAWW) announced the completion of their acquisition by an investor group led by Apollo, together with J.F. Lehman & Company and Hill City Capital. Now privately held, Atlas will continue to maintain their global presence and will operate under the Atlas Air Worldwide name. The company will continue to be led by President and Chief Executive Officer John Dietrich and the current executive leadership team. Pursuant to the terms of the transaction announced on August 4, 2022, all outstanding shares of AAWW common shares have been acquired and shareholders are entitled to receive $102.50 in cash for each share of common stock owned. With the transaction completed, Atlas Air Worldwide’s common stock no longer trades on the NASDAQ.

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

“Today marks the start of an exciting new chapter for Atlas, and we are eager to begin our partnership with Apollo, J.F. Lehman and Hill City. With the support and resources of our investor partners, we are well-positioned to achieve our growth objectives while continuing to serve the increasingly complex global supply chain. I want to thank the entire Atlas team, whose customer focus and dedication made this milestone possible. I look forward to the opportunities this next phase provides for our Company and our employees.”

Purchase, New York-based Atlas Air Worldwide Holdings, Inc. 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. On March 17, 2023, Atlas Air Worldwide was taken private by an investment group led by funds managed by affiliates of Apollo Global Management, along with investment affiliates of J.F. Lehman & Company and Hill City Capital.

Source: Atlas Air Worldwide


bottom of page