Atlas Air Announces Contracts with China Airlines.GOLDEN, Colo.--(BUSINESS WIRE)--March 17, 1997--Atlas Air, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ATLS ATLS Advanced Trauma Life Support ATLS Aerial Target Launch Ship ) announced today that it has extended two current contracts with China Airlines. One existing 5 year has been extended from April 1998 to October 2001 and a second existing 3 year contract has been extended from March 1998 to February 2001 with an option to extend to 2003. The value of the combined contracts to Atlas is approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 150 million. Michael A. Chowdry, Chairman 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. stated, "We are pleased to continue to build on our long standing relationship with China Airlines. Extension of these contracts is indicative of a strong market for China Airlines cargo in the Asian marketplace. China Airlines is Atlas Air's original customer. Atlas began operating for China Airlines in the first quarter of 1993. We are grateful for their continued commitment to Atlas." Atlas Air is a United States certificated air carrier that operates a fleet of 747-200 aircraft. Atlas operates its fleet under long-term contracts with some of the world's leading air carriers, including Emirates, British Airways, China Airlines, Cargolux, Fast Air, Thai International Airways, KLM, Lufthansa, SAS (1) (SAS Institute Inc., Cary, NC, www.sas.com) A software company that specializes in data warehousing and decision support software based on the SAS System. Founded in 1976, SAS is one of the world's largest privately held software companies. See SAS System. , and Varig, serving a total of 62 cities in 38 countries. CONTACT: Atlas Air Jenna Focarino, 212/688-6840 |
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