Atlas Air Worldwide acquires two 777Fs for ACMI service

6 March, 2018

Atlas Air Worldwide Holdings acquired (06-Mar-2018) two Boeing 777F aircraft from LATAM Airlines. The aircraft will operate in ACMI service for DHL Express through Atlas Air's subsidiary Southern Air. The first aircraft will enter service in Mar-2018 and the second is expected to follow in late 2Q2018. The first aircraft was previously operated by Southern Air for DHL on a CMI basis. The second aircraft will increase the number of 777Fs owned or operated by the company to 12. Atlas is in discussions with a bank syndicate to finance the two aircraft, which were manufactured in 2012, and expects to close the financing transaction in 2Q2018. Atlas Air Worldwide president and CEO William J Flynn said: "These 777 freighters enhance our position in this attractive aircraft type and are consistent with our strategy of growing the operations that we acquired as part of Southern Air". [more - original PR]