13 January 2014
Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) has confirmed completion of agreements to acquire three Boeing 777 Freighters for its dry-leasing subsidiary, Titan Aviation.
The 2011-vintage aircraft were acquired from affiliates of Guggenheim Aviation Partners, LLC and are currently on long-term lease to a European express carrier.
“The purchase of these 777 freighters significantly enhances our position in an attractive aircraft type and is consistent with our strategy of investing in new technology that creates superior value for our customers,” said William J. Flynn, president and chief executive officer, Atlas Air Worldwide.
Terms of the purchase agreements were not disclosed.
Atlas Air Worldwide is the parent company of Atlas Air, Inc. and Titan Aviation Leasing, and is the majority shareholder of Polar Air Cargo Worldwide, Inc. The company´s website is at www.atlasair.com.