Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), announced it has entered into contract extensions with DHL Express to continue operating 20 freighter aircraft in support of their fast-growing express and e-commerce markets.
 

These agreements build on the long-standing strategic partnership between Atlas Air Worldwide and DHL, which began in 2008 and included DHL acquiring 49% of AAWW's subsidiary, Polar Air Cargo, as well as a long-term agreement for six dedicated 747-400Fs to operate on key Trans-Pacific routes.  

The partnership has grown significantly over the years, and under these extended agreements, Atlas Air will continue to operate four different aircraft platforms for DHL Express, including:

• Six Boeing 747-8 freighters
• Two Boeing 747-400 freighters
• Eight Boeing 777-200 freighters
• Four Boeing 767-300 freighters

"DHL Express is a global leader in express and e-commerce, and it is our privilege to contribute to their continued success," said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide. "These agreements build on our successful 13-year partnership. We look forward to continuing to provide DHL Express with critical capacity through our modern, fuel-efficient fleet. As this agreement indicates, Atlas is capitalizing on the strong global airfreight market conditions as we deepen relationships with our customers."

"We are pleased to extend our long-standing and valued partnership with Atlas Air," said Rob Hyslop, Executive Vice President Aviation at DHL Express. "Continuing to utilize Atlas and its global operating capabilities enables us to best serve our customers and their continued high demand for fast international shipping, fueled by the megatrend of e-commerce and the overall importance of global trade."