Atlas Air

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Atlas Air
Atlas Air Worldwide logo.svg
IATA ICAO Callsign
5Y GTI GIANT
Founded 1992
Hubs
Fleet size 115
Parent company Atlas Air Worldwide Holdings
Traded as NASDAQAAWW
S&P 600 Component
Headquarters 2000 Westchester Avenue, Purchase, New York 10577 United States
Key people William J. Flynn (CEO, President)
Revenue IncreaseUS$2.156B (FY 2017)[1]
Operating income IncreaseUS$241.9M (FY 2017)[1]
Net income DecreaseUS$223.4M (FY 2017)[1]
Total assets IncreaseUS$4.95B (FY 2017)[1]
Total equity IncreaseUS$1.79B (FY 2017)[1]
Employees 3259
Website http://www.atlasairworldwide.com

Atlas Air, Inc., a wholly owned subsidiary of Atlas Air Worldwide Holdings, is a cargo airline, passenger charter airline, and aircraft lessor based in Purchase in Harrison, New York.[2] The airline was named after Atlas, a Titan in Greek mythology. Their symbol on the plane's tail is a golden man carrying a golden world. With a total combined fleet of 54 Boeing 747 aircraft, Atlas is the world's largest operator of this fleet type. The airline has 3259 employees and operates to 425 destinations in 119 countries.[3]

History

Atlas Air Boeing 747-400F

Atlas Air began operations in 1992. The airline's founder, Michael Chowdry,[4] started by leasing aircraft to other airlines on an Aircraft, Crew, Maintenance, and Insurance (ACMI) contract basis. The first customer, China Airlines, contracted one airplane to start ACMI service in 1993. By 1995, Atlas Air began trading publicly and in 1997, Atlas placed an order for ten new Boeing 747-400F aircraft. Orders for another two 747-400Fs were placed in 1998.[citation needed]

On January 30, 2004, Atlas Air Worldwide entered Chapter 11 bankruptcy. In July 2004, the parent company completed its restructuring plan and emerged from Chapter 11 bankruptcy protection.[5]

In March 2010, Atlas Air was awarded a nine-year contract for the operation of the Boeing 747 Large Cargo Freighter (LCF) 'Dreamlifter' for transporting aircraft parts to Boeing from suppliers around the world. It commenced operation in September 2010 under a CMI (Crew, Maintenance and Insurance) contact.[citation needed]

In 2011, Atlas Air took the first North American delivery of the Boeing 747-8 Freighter (Boeing 747-8F).[citation needed]

In September 2012, Atlas Air renewed a training contract with the United States Air Force to continue to provide training for the pilots of Air Force One. The contract also provides training for the Presidential Airlift Group for a five-year period.[6]

On April 7, 2016, Atlas Air Worldwide Holdings purchased Southern Air for $110 million in an all-cash deal. The transaction included Worldwide Air Logistics Group, Inc. and its two operating subsidiaries, Southern Air, Inc. and Florida West International Airways, Inc.[citation needed]

On May 5, 2016, Amazon.com and Atlas Air announced a deal for Amazon.com to lease 20 Boeing 767s in order to fuel growth of its new Amazon air freight service, branded as Amazon Air. The deal also warranted Amazon the ability to buy up to 30% stake in the company over the next seven years. Under the agreement, Atlas Air Inc. would provide aircraft, crew, maintenance, and insurance for a period of seven years.[7] This move came after Amazon's similar deal with Air Transport International for 20 aircraft, also to be branded under Amazon Air.[citation needed]

In March 2017, Atlas Air Worldwide Holdings shut down Florida West International Airways and cancelled the operating certificate.[citation needed]

Operations

An Atlas Air Boeing 747-8F lines up on Runway 27 at Cincinnati/Northern Kentucky International Airport as one of the airline's 747-400Fs lands on Runway 18C

Atlas Air Worldwide Holdings is made up of Atlas Air, Inc., Polar Air Cargo., Southern Air Inc., and Titan Aviation Leasing. The airline headquarters is in Purchase, New York and it operates flights on an ACMI (Aircraft, Crew, Maintenance and Insurance) and air charter basis for some of the world's leading airlines, express operators, freight forwarders, charter brokers, global shippers and the U.S. Military, along with a dry-leasing freighter aircraft. Atlas Air has global operations established in Africa, Asia, the Pacific, Europe, the Middle East, North America and South America.[citation needed]

Crew bases are located at Miami International Airport, New York's John F. Kennedy International Airport, Los Angeles International Airport, Chicago O'hare International Airport, Seattle Paine Field, Cincinnati/Northern Kentucky International Airport, Anchorage International Airport, and Huntsville International Airport.[8]

Destinations

Loading cargo in Miami

Atlas Air operates globally, with destinations throughout North America, South America, Europe, Asia, Africa, and Oceania. Specific destinations vary due to changing customer's needs and seasonal trends.[citation needed]

Fleet

Atlas Air Worldwide Holdings Fleet
Aircraft In Service Orders Notes
Boeing 737-300F 1[citation needed] Leased to customer by Titan[citation needed]
Boeing 737-400SF 5[citation needed] Operated by Southern Air.
Boeing 737-800 2[citation needed] Leased to customer by Titan[citation needed]
Boeing 737-800BCF 3[citation needed] 2[citation needed] Operated for Amazon Air[9]
Boeing 747-400 6[citation needed] Operated for passenger charter equipped with 474 seats[citation needed]
Boeing 747-400F 21[citation needed] 4[citation needed] Three operated for Qantas Freight[citation needed]
Boeing 747-400BCF 1[citation needed]
Boeing 747-400BDSF 5[citation needed]
Boeing 747-400ERF 2[citation needed]
Boeing 747-8F 10[citation needed] Three operating for Atlas Air[citation needed]
One operated for Panalpina[citation needed]
Six operated for DHL Aviation[citation needed]
Boeing 747 Dreamlifter 4 Boeing owned in CMI service
Boeing 757-200F 1[citation needed] Operated for DHL Express[citation needed]
Owned by Titan Aviation dry-leasing subsidiary[citation needed]
Boeing 767-200 1[citation needed] MLW Air owned in CMI service[citation needed]
Boeing 767-200ER/BDSF 9[citation needed] Operating for DHL Aviation[citation needed]
Boeing 767-300ER 6[citation needed] 1[citation needed]
Boeing 767-300ER/BCF 24[citation needed] 10[citation needed] 18 operating for Amazon Air[citation needed]
Boeing 767-300ERF 2[citation needed] Operating for DHL Aviation.[10]
Boeing 777F 12[citation needed] 1[citation needed] Six operated by Southern Air[citation needed]
Six leased to customer by Titan[citation needed]
Total 115 18

Passenger service

In May 2010, Atlas Air began operating a premium passenger private charter service for the U.S.-Africa Energy Association (USAEA) in conjunction with Sonair. The charter service consisted of two customized Boeing 747-400 aircraft provided by SonAir. The aircraft were laid out to serve 189 passengers and consisted of a three class configuration. The charter service, which became known as the "Houston Express", included three dedicated weekly non-stop flights between Houston and Luanda, Angola. Due to low global oil prices, demand diminished and the Houston Express ceased operations.[citation needed]

Today,[when?] Atlas Air operates four Boeing 747 passenger aircraft and six Boeing 767 passenger aircraft for commercial and military passenger charters.[11][not in citation given]

Aircraft leasing

Atlas Air Worldwide Holdings owns and operates Titan Aviation Holdings, an aircraft dry-leasing company.[12] Through Titan Aviation, Atlas Air currently owns 17 aircraft for dry-leasing - six Boeing 777 freighters, one Boeing 757 freighter, eight Boeing 767 freighters (leased to parent Atlas Air), one Boeing 737-800 passenger aircraft, and one Boeing 737-300 freighter.[13]

Incidents and accidents

On January 24, 2005, a Boeing 747-200 freighter operating as Atlas Air Flight 8995 overran the runway while landing at Düsseldorf Airport. The aircraft was written off due to hull loss and the upcoming retirement of the Boeing 747-200s from the Atlas Air fleet.[citation needed]

In early 2010, an Atlas Air aircraft was involved in a safety and maintenance incident. In February, the cover of part of the flap assembly on a Boeing 747 detached from the aircraft, which was in the process of landing in Miami, Florida. On 17 May, a similar incident occurred; in this case, part of the inboard flaps on the right wing of a Boeing 747 separated from the aircraft. Due to alleged improper maintenance practices, the US Federal Aviation Administration on 5 May proposed a roughly $500,000 fine against the airline.[14]

In March 2016, a safety slide fell off of an Atlas Air 767 in the Mesa, Arizona area.[15]

On February 23, 2019 at 12:45 CST, Atlas Air Flight 3591 crashed on approach to Houston's George Bush Intercontinental Airport killing all three people on board: two crew members and one “Jumpseat” rider.[16][17] The Boeing 767 cargo aircraft, en route from Miami, went down in Trinity Bay, near Anahuac, Chambers County, Texas, about 30 miles southeast of George Bush Intercontinental Airport. The aircraft was branded as Prime Air, operating for Amazon Air.

References

  1. ^ a b c d e "Atlas Air Worldwide Holdings (AAWW) Stock Report – NASDAQ.com".
  2. ^ "Investor Information Archived 2011-08-07 at the Wayback Machine." Atlas Air. Retrieved on August 6, 2011. "AAWW Investor Relations 2000 Westchester Avenue Purchase, NY 10577-2543"
  3. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2016-03-09. Retrieved 2016-04-10.CS1 maint: Archived copy as title (link)
  4. ^ Armbruster, William (January 24, 2001). "Atlas Air Founder Chowdry Killed in Plane Crash". The Journal of Commerce. Retrieved May 25, 2019.
  5. ^ "Directory: World Airlines". Flight International. 2007-03-27. p. 80.
  6. ^ "Atlas Air Worldwide Wins Air Force One Training Contract" (Press release). Archived from the original on 21 December 2014. Retrieved 22 November 2014.
  7. ^ Jamerson, Joshua. "Amazon Partners with Atlas Air Worldwide for Cargo Services". WSJ.com. Retrieved 15 September 2016.
  8. ^ "Atlas | Charter". Airline Pilot Central. 2012-05-10. Retrieved 2012-05-17.
  9. ^ "Amazon confirms move into B737-800 freighters with Southern Air CMI deal". Retrieved 30 March 2019.
  10. ^ Business Wire, Motley Fool. "Atlas Air Worldwide Expands CMI Service". Daily Finance. Retrieved 20 December 2012.
  11. ^ https://www.atlasair.com/passenger-services/overview/
  12. ^ "Titan Aviation Holdings - Home". www.titanaviationltd.com.
  13. ^ "Atlas Air Corporate Fact Sheet" (PDF). Atlasair.com. Archived from the original (PDF) on 2014-12-13. Retrieved 2014-11-23.
  14. ^ "Miami flight signals more mechanical issues for Atlas Air". Flightglobal.com. 19 May 2010. Archived from the original on 23 May 2010. Retrieved 19 May 2010.
  15. ^ "Emergency escape slide from jumbo jet falls from plane and hits Mesa home".
  16. ^ "Atlas Air Confirms Family Assistance Established in Flight 3591 Accident". Atlas Air Worldwide. 2019-02-24. Retrieved 2019-03-05.
  17. ^ ReporterTrevor. "Three confirmed dead after Amazon Prime Air cargo plane crash in Texas". USA TODAY. Retrieved 2019-03-05.

External links

Media related to Atlas Air at Wikimedia Commons

  • Official website
  • Jon Hemmerdinger (15 Aug 2017). "Interview: Bill Flynn, chief executive, Atlas Air". Flightglobal.
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