Atlas Air Worldwide has finalized a strategic investment in Air Atlanta by taking a 49% minority equity stake in the company. As part of the agreement, its subsidiary Titan Aviation Holdings has also acquired the fleet of aircraft from Air Atlanta and signed a long-term lease deal with the company. The partnership is expected to significantly boost Atlas Air’s global freight operations and expand its access to widebody aircraft across major international markets.
Michael Steen, Chief Executive Officer of Atlas Air Worldwide, said the deal represents a milestone for both companies. He emphasized that the transaction reflects their shared goals of delivering top-tier service to customers and securing long-term growth. Baldvin M. Hermannsson, CEO of Air Atlanta, described the partnership as the start of an exciting new chapter for his firm. He noted that the collaboration would allow Air Atlanta to leverage its strengths alongside Atlas and offer enhanced services to its global customers.
Supporting the Transaction: Advisors and Counsel
Barclays and Morgan Stanley & Co. LLC acted as financial advisors to Atlas Air during the negotiation and execution of the investment. Norton Rose Fulbright LLP was responsible for providing legal counsel throughout the process. The companies said the partnership will not only strengthen Atlas Air’s global logistics platform but also give it greater access to widebody freighter capacity in high-demand international markets.
About Atlas Air Worldwide
Atlas Air Worldwide, often abbreviated as AAWW, is a global leader in outsourced aviation logistics. The parent company owns Atlas Air, Inc., and several other subsidiaries, including Titan Aviation, which specializes in aircraft dry leasing, and Polar Air Cargo Worldwide, Inc. With a workforce of about 5,000 employees, Atlas Air services a diverse range of customers spanning the supply chain in over 300 destinations across 90+ countries.
The company operates the world’s largest fleet of 747 freighter aircraft and offers an extensive selection of Boeing 747, 777, and 767 freighters, along with the upcoming Airbus A350F, which is set to enter service in 2029. To learn more about Atlas Air Worldwide, visit its website or follow the company on social media platforms such as LinkedIn and Twitter.
About Air Atlanta
Founded in 1986, Air Atlanta is a major provider of aircraft management, maintenance, and insurance (ACMI) services, as well as charter operations, focusing primarily on widebody aircraft. The company serves airlines and cargo operators globally, offering tailored capacity solutions supported by deep expertise in operating large aircraft. For more information or to get in touch with Air Atlanta, contact CorpCommunications@atlasair.com.