Atlas Air Takes Delivery of First of Four New Boeing 777-200 Freighters

Rhea-AI Summary

Atlas Air announces the delivery of its first Boeing 777-200 Freighter for MSC’s air cargo services. This is part of a long-term ACMI agreement, with four aircraft set to operate for MSC. The 777-200 Freighter is noted for its efficiency, lower fuel consumption, and longer range (4,880 nautical miles). This partnership enhances MSC's logistics capabilities and aims to support its growth in the air cargo sector. Atlas Air emphasizes their commitment to providing dedicated capacity for MSC's expansion plans.

Positive

• Delivery of Boeing 777-200 Freighter enhances logistics capabilities for MSC.
• Partnership expected to support MSC's growth in air cargo services.
• Efficient operation with long-range capabilities (4,880 nautical miles).

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• None.

First Aircraft for MSC’s New Air Cargo Solution

PURCHASE, N.Y., Nov. 28, 2022 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced it has taken delivery of a Boeing 777-200 Freighter, which it will operate on behalf of its customer MSC Mediterranean Shipping Company SA, as part of a previously announced long-term ACMI (aircraft, crew, maintenance, insurance) agreement.

The 777-200 Freighter will complement MSC’s world-class container shipping solutions and expand service to key trade lanes for various industries, including those which traditionally have significant air cargo transportation needs. This aircraft is the first of four new Boeing 777 Freighters that Atlas will operate for MSC.

With an established history of twin-engine efficiency, reduced fuel consumption, and lower maintenance and operating costs, MSC enters the air cargo industry with the longest-range twin-engine freighter in the world, capable of flying 4,880 nautical miles (9,038 kilometers). The 777-200F also meets quota count standards for maximum accessibility to noise‑sensitive airports around the globe.

“We are looking forward to this partnership with MSC, the world’s largest shipping company, as they enter into air cargo,” said John Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “We are pleased that all four of our newly acquired 777-200Fs are placed on a long-term basis with MSC, providing them with dedicated capacity to support their growth and expansion.” 

“We are delighted to see the first of our MSC-branded aircraft take to the skies and we are looking forward to start serving the market with our new Air Cargo solution,” said Jannie Davel, Senior Vice President Air Cargo at MSC. “We believe that MSC Air Cargo is developing from a solid foundation thanks to the reliable ongoing support of our operating partner Atlas.”

About MSC:

Media Contact
Giles Broom
media@msc.com

MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte. As one of the world’s leading container shipping lines, MSC has 675 offices across 155 countries worldwide with the MSC Group employing over 150,000 people. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC’s shipping line sails on more than 260 trade routes, calling at 520 ports.

For more information visit www.msc.com

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

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/8b0ad931-59d2-4531-9cf8-727acdad0318

https://www.globenewswire.com/NewsRoom/AttachmentNg/27189749-bb5b-409e-b2a7-4a225c6f52d4

FAQ

What is the significance of Atlas Air's Boeing 777 delivery for MSC?

The delivery marks the start of MSC's entry into air cargo, enhancing its logistics capabilities.

How many Boeing 777 Freighters will Atlas Air operate for MSC?

Atlas Air will operate four Boeing 777 Freighters for MSC under a long-term ACMI agreement.

What are the operational benefits of the Boeing 777-200 Freighter?

The aircraft features efficiency, reduced fuel consumption, and a range of 4,880 nautical miles.

When was the Boeing 777-200 Freighter delivered to MSC?

The aircraft was delivered on November 28, 2022.

What does ACMI stand for in the context of this delivery?

ACMI stands for Aircraft, Crew, Maintenance, and Insurance, referring to the operating agreement.