On July 16, at the prestigious 2023 Airline Strategy Awards in London, Atlas Air Worldwide was recognized for its outstanding performance in the Air Cargo Leadership category.
The accolade was granted by an independent judging panel, acknowledging the company’s market achievements and leadership in catering to the ever-expanding demands of the global supply chain.
Landmark transaction for Atlas Air Worldwide
Editor of Airline Business, Lewis Harper, expressed that the completion of the transaction, which brought Atlas Air Worldwide under private ownership, was a significant milestone for the company.
This move not only brought immediate value to the shareholders but also bolstered the company’s position to effectively meet the burgeoning requirements of the global supply chain.
Earlier in the year, a notable investor group led by Apollo funds, along with investment affiliates of J.F. Lehman & Company and Hill City Capital, successfully completed the acquisition of Atlas Air Worldwide, marking a new chapter in the company’s growth and development.
Diversification in air cargo functions
In recent years, the leadership team at Atlas Air Worldwide embarked on a strategic path of diversification, venturing into various sectors, including express, e-commerce, passenger services, and aircraft leasing.
This diversification strategy, coupled with the company’s exceptional performance in traditional air cargo functions, earned it high praise from the judges.
Mr. Harper highlighted that Atlas Air Worldwide had not only outpaced the market but also managed to capture significant market share in recent times.
The company’s commitment to diversification, combined with the strong ownership by Apollo, J.F. Lehman, and Hill City Partners, instilled confidence in the judges that Atlas was destined for future success.
Michael Steen accepts Air Cargo Leadership Award
As the Chief Executive Officer of Atlas Air Worldwide, Michael Steen proudly accepted the Air Cargo Leadership award on behalf of the entire Atlas team. He expressed his gratitude to Airline Business, Flight Global, Korn Ferry, and the esteemed panel of judges for recognizing the company’s achievements and dedication to excellence.
Mr. Steen acknowledged that the past year had been pivotal for the operation, particularly with the challenges posed by the pandemic.
Despite these hurdles, the company remained steadfast in serving the needs of the global supply chain while delivering safe and efficient services to its valued customers.
He took the opportunity to extend his heartfelt thanks to the nearly 5,000 employees who form the backbone of Atlas Air Worldwide, contributing to its reputation as a world leader in global airfreight.
About Airline Business
Established in 1985, Airline Business holds the distinction of being the premier title for airline boardrooms worldwide. The publication focuses on key strategic and business issues within the air transport industry.
With editorial offices in London, Washington DC, and Singapore, Airline Business not only produces four print and digital publications annually but also offers a weekly newsletter, regular podcasts, and data snapshots for FlightGlobal Premium subscribers.
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 company operates 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.
Did you know AviationSource has two newsletters? One covers the general news and analysis of the industry as a whole, and the other to do with emergencies that take place throughout the year! To subscribe to our General News Newsletter, CLICK HERE!
To subscribe to our Emergencies, Accidents & Incidents Newsletter, CLICK HERE!