Atlas Air Worldwide Signs 747-400 Freighter ACMI Deal With EL AL

Atlas Air Worldwide announced Tuesday that they have secured an ACMI (aircraft, crew, maintenance and Insurance) deal with EL AL Israel Airline Ltd. for 747-400 freighter service. The agreement will allow EL Al to increase freight capacity on significant routes.

Atlas Air Boeing 747-400 Freighter - Courtesy Atlas Air Worldwide

Today, Atlas Air Worldwide announced a new ACMI placement for a 747-400 Freighter with EL AL Israel Airline Ltd. Under the ACMI (aircraft, crew, maintenance and insurance) agreement, Atlas Air will operate the aircraft on behalf of EL AL, providing the Israeli national carrier with increased cargo capacity on vital routes such as Liège (Belgium) – Tel Aviv (Israel). The new contract services will commence in January 2020, offering expanded service for EL AL’s freight customers. In Tuesday’s announcement, Atlas Air Worldwide’s President and Chief Executive Officer, John Dietrich said,

“This new agreement will allow EL AL to capitalize on the state-of-the-art service solutions provided by our aircraft. We welcome EL AL as a new customer and look forward to supporting EL AL as it continues to capture market opportunities and enhance it position as a leader in Israel’s cargo industry.”

Also commenting on today’s announcement, EL AL's Cargo Division Head, Ronen Spira added,

“We are committed to providing our customers with a variety of cargo solutions. This strategic initiative with Atlas Air enables us to provide our customers with a stable high-quality operation for all kinds of cargo. Atlas Air’s fleet of 747 aircraft is well-suited to support EL AL’s operations and schedules.”

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, 757, and 737 aircraft for both cargo and passenger operations.

Source: Atlas Air Worldwide Holdings, Inc.