Atlas Air Worldwide Inc. has ordered two new Boeing 777 Freighters, driven by ongoing strong customer demand for dedicated large widebody airfreight capacity.
The demand for widebody capacity has been notable, particularly for cross border e-Commerce shipping.
Meeting Ongoing Demand
Booked earlier this quarter, these two new Boeing 777 Freighters are slated for delivery in the second half of 2024. This strategic investment serves as a testament to Atlas Air Worldwide’s unwavering commitment to expanding its 777F platform.
It aligns with the company’s mission of providing leading-edge aircraft and service offerings, thereby creating extensive long-haul flying opportunities for its pilots.
Strengthening the Fleet
Atlas Air’s proactive stance in the airfreight industry is evident in its recent order of four 777 Freighters in 2021.
These aircraft are placed under a long-term ACMI (aircraft, crew, maintenance, insurance) agreement with MSC Mediterranean Shipping Company SA.
With three of these aircraft already delivered and the fourth expected in December 2023, Atlas Air solidifies its position as a leading player in the air cargo domain.
Michael Steen, the Chief Executive Officer of Atlas Air Worldwide, was pleased with the latest addition of these aircraft to their world-class fleet.
He emphasizes the strategic timing, considering the imminent surge in retirements of older widebody freighters and the limited introduction of new widebody freighter capacity.
Steen states, “We have a deep pipeline of prospective customers interested in these 777 Freighters, and we’re confident in our ability to place them under long-term agreements.”
This confidence stems from the carrier’s resilient business model, characterized by diversification and robust support from investment partners.
Commitment to Sustainability
The decision to invest in these new 777 Freighters also underscores Atlas Air’s commitment to environmental stewardship.
These aircraft, renowned for being the highest payload and longest-range twin-engine freighters, prioritize high reliability while minimizing fuel consumption, reducing emissions, and leaving a smaller noise footprint.
Brad McMullen, Boeing Senior Vice President of Commercial Sales and Marketing, highlights the enduring partnership with Atlas Air.
He affirms, “The best-selling 777 Freighter is one of the most capable twin-engine freighters flying, providing Atlas with the capacity, fuel efficiency, and operational flexibility to move cargo and goods for its customers.”
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.
The combined 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.
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