Atlas Air, Inc. Signs New Five-Year Contract To Wet Lease B747-400 Freighter to Emirates.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--March 2, 2004 Atlas Air Atlas Air is an American cargo airline based in Purchase, New York, United States. It operates scheduled freight flights on an ACMI contract basis for some of the world's leading airlines, flying to 101 cities in 46 countries. , Inc. (Atlas) will provide an additional Boeing 747-400F aircraft on an ACMI ACMI Aircraft, Crew, Maintenance and Insurance (wet lease) ACMI Art & Creative Materials Institute ACMI Air Combat Maneuvering Instrumentation ACMI American College of Medical Informatics ACMI Australian Center for the Moving Image basis to Emirates SkyCargo Emirates SkyCargo is a cargo airline based at Dubai International Airport in Dubai, United Arab Emirates[1]. It is a subsidiary of Emirates and started operations in October 1985. (Emirates) under a 5-year contract that commenced March 1. "This is the third B747-400F freighter we have provided to Emirates on an ACMI basis," said Jeffrey H. Erickson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Atlas, " and we are extremely pleased that they have chosen to come to us again to meet their growing need for lift capability. Additionally, the five-year term of this agreement demonstrates the ongoing strength of the relationship between Atlas and Emirates." The B747-400F is a state-of-the industry freighter with one of the largest load capacities in the sky. Additionally, it is the world's most modern and fuel-efficient freighter aircraft in commercial operation. In addition to the three B747-400F aircraft, Atlas also leases two B747-200 freighters to Emirates. Ram Menen, Emirates' Senior Vice President, Cargo, said: "We are glad to have contracted for this third Boeing 747-400 freighter to join our fleet. It will help fulfill our expansion plans and to keep them right on target. This new aircraft will be instrumental in meeting customer demands on our existing routes and will help us to start new freighter routes scheduled for this year." About Emirates SkyCargo: Emirates Airline's 63-strong fleet, one of the youngest in the skies, includes 59 wide-bodied passenger jets and four freighters - two 747-400Fs and two 747-200Fs. Emirates SkyCargo now serves 74 destinations in 52 countries in Europe, the Middle East, Africa, the Indian subcontinent Indian subcontinent, region, S central Asia, comprising the countries of Pakistan, India, and Bangladesh and the Himalayan states of Nepal, and Bhutan. Sri Lanka, an island off the southeastern tip of the Indian peninsula, is often considered a part of the subcontinent. , the Far East and North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Emirates SkyCargo returned remarkable financial figures for 2002-2003 - it carried 525,188 tons of cargo (up 31.1 percent over the previous year) and earned Dhs. 1.708 billion in revenues (an increase of 48.8 percent), responsible for 19.3 percent of the airline's revenues. The first half of the 2003-04 financial year saw Emirates SkyCargo's revenue rise by 49 percent and its tonnage TONNAGE, mar. law. The capacity of a ship or vessel. 2. The act of congress of March 2, 1799, s. 64, 1 Story's L. U. S. 630, directs that to ascertain the tonnage of any ship or vessel, the surveyor, &c. by 29 percent to 315,000 tons. Atlas Air, Inc. is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Atlas Air Worldwide Holdings, Inc. (AAWHQ). Atlas Air offers its customers a complete line of freighter services, including ACMI (Aircraft, Crew, Maintenance, and Insurance) contracts for some of the world's leading airlines, and worldwide charter services with a fleet of Boeing 747 aircraft. Learn more at www.atlasair.com. |
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