Monday October 6 7:55 AM EDT
Company Press Release
Atlas Air Expands Current Contract
Atlas Also Announces Opening of Miami Office
GOLDEN, Colo.--(BUSINESS WIRE)--Oct. 6, 1997--Atlas Air, Inc. (NASDAQ:ATLS) today announced that it has
entered into a long-term ACMI contract to provide an additional Boeing 747-200 freighter for Lineas Aereas Suramericanas
(LAS) and its subservice partners.
Atlas first established its relationship with LAS in January, 1997 with a three year contract for one freighter. With respect to the
new contract, Michael Chowdry, Chairman of Atlas, commented, ''Due to its successful business expansion using the first
Atlas freighter, LAS has now added a second airplane and has extended the first contract for an additional 12 months, as well.
This increased commitment shows the confidence of both parties in the South American cargo market. This contract represents
further confirmation of the tremendous growth opportunities for Atlas in the South American marketplace and the successful
outsourcing formula we offer to our customers. Atlas now operates five aircraft in this vital and growing continent.''
As the largest operator of wide body 747 freighters connecting the US mainland with middle and South America, Atlas Air has
recently expanded its presence in Miami by opening a regional office. This office will provide sales, marketing, operational and
maintenance support to Atlas' customer airlines. Atlas anticipates that this new office will increase its responsiveness and
produce an even higher level of customer satisfaction. Ed Archer, General Manager, will oversee operations while John
Bernardi, Director of Marketing for Latin America, will be in charge of regional sales. The contact number in Miami is
305/871-5816, fax 305/871-5818.
Atlas Air is a United States certificated air carrier that operates a fleet of 22 747 freighters under long-term ACMI contracts.
These contracts include the provision by Atlas of the Aircraft, Crew, Maintenance and Insurance for some of the world's
leading air carriers including British Airways, China Airlines, Emirates, FastAir, KLM, LAS, Lufthansa, SAS, Thai International
Airways and Varig, serving 62 cities in 38 countries.
Contact:
Atlas Air, Inc.
Vicki L. Foster, 303/526-5050 |
