Atlas Air Enters Into Long-Term Agreement with Kuehne+Nagel for Two Boeing 747-8 Freighters
Atlas Air, a subsidiary of Atlas Air Worldwide (Nasdaq: AAWW), has signed a long-term charter agreement with Kuehne+Nagel to operate two new Boeing 747-8 freighters globally. The first aircraft is set to be delivered in Q3 2022, with the second following in Q4. This partnership is aimed at enhancing Kuehne+Nagel's airfreight network, utilizing the 747-8F's superior technology for increased payload and reduced fuel consumption. Atlas has ordered the last four 747 production aircraft to meet strong demand while supporting environmental initiatives.
- Long-term charter agreement secured with Kuehne+Nagel, enhancing global airfreight operations.
- Increased fleet capacity with the introduction of two Boeing 747-8 freighters.
- The 747-8F offers 20% higher payload capacity and 16% lower fuel consumption than the 747-400F, improving operational efficiency.
- None.
PURCHASE, N.Y., Feb. 17, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has entered into a long-term, dedicated charter agreement to operate two of its new incoming Boeing 747-8 freighters on a global basis for Kuehne+Nagel, one of the world’s largest freight forwarders.
Atlas Air will commence operation of these aircraft for Kuehne+Nagel following their delivery from Boeing, with one expected in the third quarter and the second in the fourth quarter of 2022. Atlas Air operates one of the world’s largest fleets of 747-8Fs, the most capable freighter aircraft in the world. These two aircraft placed with Kuehne+Nagel are the last 747s Boeing will produce.
As previously announced, Atlas ordered the last four 747 production aircraft to capitalize on strong demand and deliver value for its customers, while also bolstering its commitment to environmental stewardship through the reduction of aircraft emissions, resource consumption and noise. This legendary aircraft has been in production for over 50 years and will continue to serve the needs of our global supply chains for decades into the future.
“We are delighted to expand our partnership with Kuehne+Nagel by providing dedicated capacity for their growing global airfreight network,” said Atlas Air Worldwide President and Chief Executive Officer John W. Dietrich. “The Boeing 747-8F serves an incredibly important role in global airfreight, with advanced technology that allows for lower fuel consumption, higher capacity and unique nose-loading capability. We look forward to taking delivery of these two 747s and operating them for Kuehne+Nagel to support their network for years to come.”
Yngve Ruud, Member of the Management Board of Kuehne+Nagel, responsible for Air Logistics, commented: "As a market leader in airfreight, Kuehne+Nagel further expands its dedicated charter network to support customers with solutions for long-term planning and high-quality service. We are proud to partner with Atlas Air and include these two new Boeing 747-8Fs in our already extensive global capacity offering."
The 747-8F provides
About Kuehne+Nagel
With more than 76,000 employees at 1,400 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in Sea Logistics, Air Logistics, Road Logistics and Contract Logistics, with a clear focus on integrated logistics solutions.
About Atlas Air Worldwide:
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.
Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasairworldwide.com.
| Contacts: | Investors – InvestorRelations@atlasair.com Media – CorpCommunications@atlasair.com |
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a0a774c4-932c-4428-8d58-d03e89751ead
FAQ
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