We are a leading global provider of outsourced aircraft and aviation operating
services, operating the world’s largest fleet of 747 freighters, as well
as operating 747 and 767 passenger aircraft and 767 freighters. We also own
and dry lease a fleet of aircraft, including six 777 freighters. We provide
unique value to our customers by giving them access to highly reliable new production
freighters that deliver the lowest unit cost in the marketplace combined with
outsourced aircraft operating services that we believe lead the industry in
terms of quality and global scale. Our customers include airlines, express delivery
providers, freight forwarders, the U.S. military and charter brokers. We provide
global services with operations in Africa, Asia, Australia, Europe, the Middle
East, North America and South America.
AAWW is a holding company with a principal wholly-owned operating subsidiary,
Atlas Air, Inc. (“Atlas”). It also maintains a 49% interest in Global
Supply Systems Limited (“GSS”) and has a 51% economic interest and
75% voting interest in Polar Air Cargo Worldwide, Inc. (“Polar”).
AAWW is also the parent company of several wholly-owned subsidiaries related
to our dry leasing services (collectively referred to as “Titan”).
Our primary service offerings include the following:
ACMI, whereby we provide outsourced cargo and passenger aircraft operating solutions,
including the provision of an aircraft, crew, maintenance and insurance, while
customers assume fuel, demand and Yield risk. In addition, the customer is responsible
for landing, navigation and most other operational fees and costs;
CMI, which is part of our ACMI business segment, whereby we provide outsourced
cargo and passenger aircraft operating solutions, including the provision of
crew, maintenance and insurance, while customers provide the aircraft and assume
fuel, demand and Yield risk. In addition, the customer is responsible for landing,
navigation and most other operational fees and costs;
Charter, whereby we provide cargo and passenger aircraft charter services to
customers, including the U.S. Military Air Mobility Command (“AMC”),
brokers, freight forwarders, direct shippers, airlines, sports teams and fans,
and private charter customers. The customer pays a fixed charter fee that includes
fuel, insurance, landing fees, navigation fees and most other operational fees
and costs; and
Dry Leasing, whereby we provide cargo and passenger aircraft and engine leasing
solutions. The customer operates, and is responsible for insuring and maintaining,
the flight equipment.
We believe that the scale, scope and quality of our outsourced services are
unparalleled in our industry. The relative operating cost efficiency of our
current 747-8F, 747-400F and 777-200LRF aircraft, including their superior fuel
efficiency, range, capacity and loading capabilities, creates a compelling value
proposition for our customers and positions us well in the markets we operate.
We are focused on the further enhancement of our market-leading ACMI position.
All nine of our 747-8F aircraft are placed with ACMI customers and we are currently
the only operator offering these aircraft to the ACMI market. We also hold rights
to purchase an additional 13 747-8F aircraft, providing us with flexibility
to further expand our fleet in response to market conditions. We believe that
our current fleet, which also includes our 747-400F aircraft, represents one
of the most efficient, reliable freighter fleets in the market. Our primary
placement for these aircraft will continue to be long-term ACMI outsourcing
contracts with high-credit-quality customers.
We continued to expand our Dry Leasing business with the acquisition of three
additional 777-200LRF aircraft. We currently have six of these aircraft Dry
Leased to customers on a long-term basis. The addition of the 777 freighters
further diversifies our business mix and enhances our predictable, long-term
revenue and earnings streams.
AAWW was incorporated in Delaware in 2000. Our principal executive offices are
located at 2000 Westchester Avenue, Purchase, New York 10577, and our telephone
number is (914) 701-8000.
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