#USA #New York #J.F. Lehman #Atlas Air #Air Atlanta

Atlas Air Worldwide Completes Strategic Investment in Air Atlanta

In a significant move to broaden its international operations, Atlas Air Worldwide has announced the successful conclusion of its strategic investment in Air Atlanta, a recognized leader in aircraft, crew, maintenance, and insurance (ACMI) services. This partnership represents a pivotal step in Atlas's strategy to enhance its logistical capabilities within the aviation sector.

Atlas has acquired a 49% minority equity interest in Air Atlanta, allowing for a strategic alliance that not only strengthens Atlas's operational platform but also improves its access to widebody capacity in crucial global markets. Importantly, Air Atlanta will maintain its existing leadership team and operational framework, with the management retaining a 51% controlling interest in its airline operations.

The agreement also includes Atlas’s Titan Aviation Holdings subsidiary, which will acquire the aircraft owned by Air Atlanta's group and lease them back for ongoing operations. Presently, Air Atlanta operates a robust fleet of 14 widebody freighters, including Boeing 747 and 777 aircraft, along with four passenger Boeing 777 jets.

Michael Steen, Chief Executive Officer of Atlas, expressed enthusiasm regarding this development. “We are delighted to finalize our investment in Air Atlanta and embrace the team as a valuable partner. This undertaking showcases our mutual dedication to providing superior service and ensuring the sustained success of both entities,” he noted.

Additionally, Alex Harman, a director at Atlas and managing partner at J.F. Lehman Company, emphasized that this collaboration merges two esteemed entities with complementary skills. “This strategic partnership represents a significant milestone in Atlas's focused growth strategy,” Harman stated. He conveyed excitement about supporting Air Atlanta's team as they venture to explore significant opportunities ahead.

About Atlas Air Worldwide

Atlas Air Worldwide (AAWW) stands as a global leader in outsourced aviation logistics. The company oversees its primary operating subsidiary, Atlas Air, Inc., alongside various affiliates related to Titan's dry leasing services and Polar Air Cargo Worldwide, Inc. With a dedicated workforce of approximately 5,000 employees, Atlas serves a diverse client base across the global supply chain, reaching over 300 destinations in more than 90 countries. The company boasts the world’s largest fleet of 747 freighter aircraft, offering clients an extensive range of freighter options including Boeing 747, 777, 767, and the upcoming Airbus A350F expected in 2029.

For further details, visit Atlas Air Worldwide.

About J.F. Lehman Company, Inc.

Founded in 1992, J.F. Lehman Company specializes in investing within the aerospace, defense, government, maritime, environmental, and infrastructure sectors. The firm manages over $9 billion in assets across its private equity and credit strategies and operates offices in both New York and Washington, D.C. More information can be found at J.F. Lehman Company.