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Atlas Air

Cargo
International and Domestic
In service
IATA: 5Y
ICAO: GTI

About

Atlas Air is one of the world's largest providers of cargo aircraft available for lease. Atlas Air's services include ACMI (Aircraft, Crew, Maintenance and Insurance) leasing, dry leasing, CMI (Crew, Maintenance and Insurance), charter services and training. Atlas Air is part of Atlas Air Worldwide Holdings.

In Jan-2016, Atlas Air Worldwide Holdings entered a definitive agreement to acquire Southern Air Holdings, parent company of Southern Air and Florida West International Airways, in an immediately accretive, all-cash, debt-free transaction valued at approximately USD110 million. Atlas Air completed the transaction in Apr-2016, after receiving US Department of Transportation approval. The acquisition provides Atlas Air with immediate entry into Boeing 737 and 777 operating platforms with opportunities for additional growth. Southern Air's five 737 and five 777 CMI aircraft will complement Atlas Air's 747 ACMI and charter operations, 747 and 767 CMI services and it 737, 757 and 777 dry leasing portfolio. The companies will have a combined fleet of more than 75 aircraft.

Atlas Air completed an operating certificate merger with Southern Air on 17-Nov-2021.

In Aug-2022, Atlas Air Worldwide entered a definitive agreement to be acquired by an investor group led by Apollo Global Management for USD5.2 billion. The transaction is expected to close in 4Q2022/1Q2023, subject to regulatory and shareholder approval. Atlas Air announced the investor group led by Apollo Global Management completed its previously announced acquisition of the company on 17-Mar-2023.

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