AAWW - AAWW STOCK NEWS

Atlas Air Worldwide (Nasdaq: AAWW) announced shareholder approval for its acquisition by an investor group led by Apollo Global Management, J.F. Lehman & Company, and Hill City Capital. Over 99.3% of votes favored the merger, representing approximately 80.9% of outstanding shares. The transaction is expected to close in Q1 2023, following customary conditions and regulatory approvals. Post-closing, Atlas Air will become a private entity, and its shares will no longer be traded on Nasdaq, aiming to strengthen its position in the airfreight market.

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.

Atlas Air Takes Delivery of New Boeing 747-8F

Atlas Air, a subsidiary of Atlas Air Worldwide (Nasdaq: AAWW), announced the delivery of a Boeing 747-8 Freighter, marking the first of two aircraft to be operated under a long-term agreement with Kuehne+Nagel. This delivery, part of a larger order, reflects Atlas Air's commitment to expand capacity and support Kuehne+Nagel's logistics growth. The 747-8F features a 16% improvement in fuel efficiency and reduced emissions, showcasing Atlas Air's dedication to sustainability.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) has secured a five-year extension with the United States Air Force to provide training for Air Force One pilots and flight engineers. This extension strengthens their long-standing partnership that began in 2007. Training will occur at Atlas Air’s Miami facility, focusing on the VC-25, a modified Boeing 747-200. The contract emphasizes safety, professionalism, and efficiency, with Atlas Air being responsible for the training of pilots for the past four U.S. presidents.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) reported a net income of $60.1 million for Q3 2022, down from $119.5 million in the same quarter last year. Adjusted EBITDA decreased to $194.0 million, compared to $280.5 million in Q3 2021. Adjusted net income fell to $78.8 million, or $2.69 per diluted share, from $145.4 million or $4.88 per share in the prior year. Despite strong service demand, operational disruptions from COVID-19 spikes and Hurricane Ian impacted performance. The company anticipates closing its acquisition by an investor group in 4Q22 or 1Q23.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) will announce its third quarter results for the period ending September 30, 2022, on November 3, 2022, before market trading opens. This follows an earlier announcement regarding its acquisition by an investor group led by affiliates of Apollo Global Management and others, which will result in the suspension of its earnings conference call. Atlas Air is a prominent provider of aircraft and aviation operating services, operating the largest fleet of 747 freighter aircraft globally.

Titan Aircraft Investments, a joint venture between Titan Aviation Holdings and Bain Capital Credit, has announced the long-term dry lease of a Boeing 737-800SF freighter to ASL Aviation Holdings. This partnership is expected to enhance ASL’s fleet renewal efforts, as stated by ASL's Group Fleet and Leasing Director. Titan Aviation, a subsidiary of Atlas Air Worldwide (NASDAQ: AAWW), manages the aircraft. Titan is the third-largest freighter lessor globally, managing 38 aircraft valued over $2 billion. The joint venture aims for a diversified freighter aircraft leasing portfolio with a target value of $1 billion.

Atlas Air, a subsidiary of Atlas Air Worldwide Holdings (Nasdaq: AAWW), has taken delivery of a Boeing 747-8 Freighter, marking the second of four ordered in 2021. This advanced freighter offers a 20% higher payload capacity and 16% lower fuel consumption than its predecessor, the 747-400F. The aircraft will be utilized under a long-term agreement with a current client, reinforcing Atlas’s commitment to environmental sustainability. The 747-8 Freighter is set to play a crucial role in global supply chains for years to come.

Atlas Air Worldwide Holdings (Nasdaq: AAWW) announced a long-term ACMI agreement with MSC Mediterranean Shipping Company to operate four new Boeing 777-200 freighters. This deal, effective from Q4 2022, will enhance MSC's airfreight capabilities and support its customer demand. The aircraft, known for their fuel efficiency and low noise, will complement MSC's existing container shipping services. The partnership is part of MSC’s strategy to expand into the air cargo market, leveraging Atlas Air's expertise and advanced fleet.