Atlas Air

Summary

Atlas Air
Atlas Air Worldwide logo.svg
IATA ICAO Callsign
5Y GTI GIANT
Founded1992; 30 years ago (1992)
AOC #UIEA784U[1]
Hubs
Fleet size117
Parent companyAtlas Air Worldwide Holdings
Traded asNasdaq: AAWW
S&P 600 component
Headquarters2000 Westchester Avenue, Purchase, New York, U.S.
Key peopleJohn W. Dietrich
(President & CEO)
James A. Forbes (COO)
Spencer Schwartz (CFO)
Duncan J. McNabb (Chairman of the Board)
RevenueIncrease US$2.739B (FY 2019)[2]
Operating incomeDecrease US$293.1M (FY 2019)[2]
Net incomeDecrease US$139.6.1M (FY 2019)[2]
Total assetsIncrease US$5.385B (FY 2019)[2]
Total equityIncrease US$1.792B (FY 2019)[2]
Employees4,061 (2020)
Websitewww.atlasair.com Edit this at Wikidata

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, New York.[3] The airline was named after Atlas, a Titan in Greek mythology. The symbol on the tail of their aircraft is a golden man carrying a golden world. With a total combined fleet of 55 Boeing 747 aircraft, Atlas is the world's largest operator of this fleet type. In 2020, the airline had 4,061 employees and operated to more than 300 global destinations.[4]

History

Atlas Air Boeing 747-400F

Atlas Air began operations in 1992. The airline's founder, Michael Chowdry,[5] 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.[6]

In 2006, Amnesty International released a report on extraordinary rendition claiming that Atlas Air was one of the airlines used by the US government for rendering detainees.[7] This was the basis for the song "Atlas Air" recorded by Massive Attack for the album Heligoland.[citation needed]

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) contract.[8] 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.[9]

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.[10]

On May 5, 2016, Amazon.com and Atlas Air announced a deal for Amazon.com to lease 20 Boeing 767s 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.[11] This move came after Amazon's similar deal with Air Transport Services Group for 20 aircraft, also to be branded under Amazon Air.

In March 2017, Atlas Air Worldwide Holdings shut down Florida West International Airways and canceled the operating certificate.[12]

In January 2021, Atlas Air agreed to purchase an additional four 747-8 freighters. They will be the final four 747s to be built. These are to be delivered in 2022, the same year that Boeing plans to shut the 747 production program.

In February 2021, Atlas Air reported a profit of $360 million from the year before, after losing $293 million in 2019. In addition, 2020 revenue was reported to be $3.2 billion, a 17% rise year over year.[13]

On 17 November 2021, Atlas Air and Southern Air Inc completed their merger with the transition to a single operating certificate.

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, and Titan Aviation Leasing. The airline headquarters are in Purchase, New York, with a flight operations center located in Cincinnati, Ohio. Atlas Air operates flights on an ACMI (Aircraft, Crew, Maintenance and Insurance) and air charter basis for 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 Anchorage International Airport, Chicago O'Hare International Airport, Cincinnati/Northern Kentucky International Airport, Los Angeles International Airport, Memphis International Airport, Miami International Airport, New York's John F. Kennedy International Airport, Ontario International Airport, and Tampa International Airport.[14]

Destinations

Atlas Air operates globally, with destinations throughout North America, South America, Europe, Asia, Africa, and Oceania. Specific destinations vary due to customers' changing needs and seasonal trends.

Fleet

As of December 2021, Atlas Air operates the following aircraft:[15][16][17][18][19]

Atlas Air Worldwide Holdings fleet
Aircraft In service Orders Passengers Notes
F C Y Total
Passenger fleet
Boeing 747-400 7 10 169 36 215 Used for VIP Service
23 505 528
Boeing 767-300ER 5 30 218 248
Cargo fleet
Boeing 737-300F 1 Cargo Operated by Titan Aviation Holdings
Boeing 737-400F 1 Cargo Formerly operated by Southern Air
Boeing 737-800BCF 8 Cargo Operating for Amazon Air
Boeing 747-400BCF 3 Cargo
Boeing 747-400BDSF 2 Cargo
Boeing 747-400ERF 2 Cargo
Boeing 747-400F 20 Cargo
6 Operated by Polar Air Cargo
3 Operating for Nippon Cargo Airlines[20]
Boeing 747-400LCF 4 Cargo Operating for Boeing
Boeing 747-8F 8 4 Cargo Atlas Air will receive the last 747 ever built, which will be built in 2022.[21]
2 Operating for Qantas Freight[22]
Boeing 767-200BDSF 7 Cargo Operating for DHL Aviation
Boeing 767-300BCF 23 Cargo
Boeing 767-300BDSF 1 Cargo
Boeing 777F 14 4 Cargo Formerly operated by Southern Air
Additional order of 4 will deliver from November 2022.[23]
Total 117 8

In July 2021, Atlas Air finished its CMI B767-200F services on behalf of DHL Express, as the last aircraft, serial #22570, was transferred to Air Transport Services Group.[24]

Passenger service

Atlas Air began operating a premium passenger private charter service for the U.S.-Africa Energy Association (USAEA) in conjunction with SonAir back in 2010. The charter service consisted of two customized Boeing 747-400 aircraft provided by SonAir. The aircraft were configured to serve 189 passengers in 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.

Today, Atlas Air owns a fleet of B747 and B767 passenger aircraft available for lease in the charter market.[25]

Aircraft leasing

Atlas Air Worldwide Holdings owns and operates Titan Aviation Holdings, an aircraft dry-leasing company.[26] 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.[27]

Accidents and incidents

  • January 24, 2005: Atlas Air Flight 8995, a Boeing 747-212BSF, aircraft registration N808MC, overran the runway at Düsseldorf Airport due to poor braking action caused by unexpectedly heavy snow accumulation from an ongoing snowstorm. The aircraft was written off.[28]
  • February 2, 2008: Cargo aboard an Atlas Air Boeing 747-2D7B, N527MC, broke loose on takeoff from Lome Airport and penetrated the bulkhead, causing severe structural damage. The aircraft was written off.[29]
  • 2010: in February, the cover of part of the flaps on an Atlas Air Boeing 747 detached from the aircraft during landing in Miami, Florida. On May 17, a similar incident occurred when part of the inboard flaps on the right wing of an Atlas 747 separated from the aircraft. In May, alleging improper maintenance practices, the US Federal Aviation Administration (FAA) proposed a fine of roughly US$500,000 against the airline.[30]
  • November 21, 2013: the pilots of a Boeing 747-409LCF operated by Atlas Air, N780BA, mistakenly landed at Colonel James Jabara Airport instead of the nearby McConnell Air Force Base. The aircraft was flown to McConnell the next day.[31]
  • July 27, 2018: Atlas Air Flight 8601, a Boeing 767-38EER, N641GT, sustained substantial structural damage, including a creased fuselage, in a hard landing at Portsmouth International Airport. The aircraft was carrying US troops home from the Middle East; no injuries were reported. The cause of the accident is under investigation.[32]
  • February 23, 2019: Atlas Air Flight 3591, a Boeing 767-375ER(BCF), N1217A, crashed into Trinity Bay near Houston on approach to George Bush Intercontinental Airport, killing both pilots and the single passenger, a commuting pilot from another airline. The US National Transportation Safety Board (NTSB) attributed the crash to pilot error and spatial disorientation; the NTSB also found that both pilots had experienced significant training difficulties and criticized Atlas Air's hiring practices.

See also

References

  1. ^ "Federal Aviation Administration – Airline Certificate Information – Detail View". av-info.faa.gov. Retrieved May 14, 2019.
  2. ^ a b c d e "Atlas Air Worldwide Annual Report 2019" (PDF). annualreports.com. Retrieved July 22, 2020.
  3. ^ "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"
  4. ^ http://www.atlasairworldwide.com/wp-content/uploads/2021/04/Atlas_Air_Annual_Report_4_22_2021.pdf
  5. ^ Armbruster, William (January 24, 2001). "Atlas Air Founder Chowdry Killed in Plane Crash". The Journal of Commerce. Retrieved May 25, 2019.
  6. ^ "Directory: World Airlines". Flight International. March 27, 2007. p. 80.
  7. ^ "Archived copy" (PDF). www.amnesty.org. Archived from the original (PDF) on October 23, 2012. Retrieved January 11, 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ^ Ostrower, Jon (March 9, 2010). "Dreamlifter deal part of 747–8 compensation to Atlas". Flight Global. Retrieved July 19, 2020.
  9. ^ "Atlas Air Worldwide Wins Air Force One Training Contract" (Press release). Archived from the original on December 21, 2014. Retrieved November 22, 2014.
  10. ^ Stynes, Tess (January 19, 2016). "Atlas Air Agrees to Acquire Southern Air Holdings for $110 Million". Wall Street Journal. ISSN 0099-9660. Retrieved July 19, 2020.
  11. ^ Jamerson, Joshua (May 5, 2016). "Amazon Partners with Atlas Air Worldwide for Cargo Services". Wall Street Journal. Retrieved September 15, 2016.
  12. ^ "Florida West Int'l Airways formally shut down". ch-aviation. Retrieved July 19, 2020.
  13. ^ Josephs, Leslie (February 18, 2021). "Amazon air cargo contractor expects more growth after posting banner year during pandemic". CNBC. Retrieved February 18, 2021.
  14. ^ "Atlas | Charter". Airline Pilot Central. May 10, 2012. Archived from the original on May 22, 2012. Retrieved May 17, 2012.
  15. ^ "OUR CARGO FLEET". Atlas Air.
  16. ^ "OUR PASSENGER FLEET". Atlas Air.
  17. ^ "Atlas Air Worldwide Holdings Fleet Details and History".
  18. ^ "Atlas Air Fleet Details and History".
  19. ^ "Polar Air Cargo Fleet Details and History".
  20. ^ "Atlas Air Worldwide Announces Expanded 747-400F Service For Nippon Cargo Airlines". Atlas Air (Press release). January 8, 2019.
  21. ^ "Atlas Air Worldwide Purchases Four Boeing 747–8 Freighters". Boeing (Press release). January 12, 2021.
  22. ^ "Atlas Air Worldwide Announces 747-8F ACMI Service For Qantas Freight". Atlas Air (Press release). April 4, 2019.
  23. ^ "Atlas Air Worldwide Orders Four New Boeing 777 Freighters". Atlas Air (Press release). January 6, 2022.
  24. ^ "Atlas Air ends 767-200F ops". CARGOFACTS.COM. Retrieved July 21, 2021.
  25. ^ "Passenger Services: Commercial Passenger Charters".
  26. ^ "Titan Aviation Holdings – Home". www.titanaviationltd.com.
  27. ^ "Atlas Air Corporate Fact Sheet" (PDF). Atlasair.com. Archived from the original (PDF) on December 13, 2014. Retrieved November 23, 2014.
  28. ^ Ranter, Harro. "ASN Aircraft accident Boeing 747-212BSF N808MC Düsseldorf Airport (DUS)". aviation-safety.net. Retrieved May 10, 2021.
  29. ^ Ranter, Harro. "ASN Aircraft accident Boeing 747-2D7B N527MC Lome Airport (LFW)". aviation-safety.net. Retrieved May 10, 2021.
  30. ^ "Miami flight signals more mechanical issues for Atlas Air". Flightglobal.com. May 19, 2010. Archived from the original on May 23, 2010. Retrieved May 19, 2010.
  31. ^ "Cargo jet takes off from Wichita on short runway". CNN.
  32. ^ "ASN Aircraft accident Boeing 767-38EER N641GT Portsmouth International Airport at Pease, NH (PSM)". aviation-safety.net. Retrieved May 10, 2021.
  • Jon Hemmerdinger (August 15, 2017). "Interview: Bill Flynn, chief executive, Atlas Air". Flightglobal.

External links

  • Official website
  • Business data for Atlas Air:
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    • Yahoo! Finance
    • Bloomberg
    • Reuters
    • SEC filings