Atlas Air Leases 747-400 Freighter to Alitalia.Business Editors GOLDEN, Colo.--(BUSINESS WIRE)--May 15, 2000 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. (NYSE NYSE See: New York Stock Exchange :CGO CGO Cargo CGO Code Generation and Optimization CGO Cogeco Inc (stock symbol) CGO Zhengzhou, China (Airport Code) CGO Chief Globalization Officer CGO Company Grade Officer ) announced today that it has placed one of its new Boeing 747-400 freighters with Alitalia Airlines. Alitalia has been utilizing an Atlas Air 747-200f under an Aircraft, Crew, Maintenance and Insurance (ACMI) contract since 1998 and will be transitioning to a similar contract for the 747-400f to take advantage of its increased payload and range capabilities. "Reliably meeting a customer's needs is critical to our success and results in long-term customer relationships," said Stan Wraight, Senior Vice President of Sales and Marketing. "That is why we are pleased to announce this contract with Alitalia for one of our 747-400 freighters." Atlas Air is a United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. certificated air carrier that operates a fleet of Stage 3 compliant B747 freighters under long-term ACMI contracts. These contracts include the provision by Atlas of Aircraft, Crew, Maintenance and Insurance for many of the world's leading international carriers. Atlas operates flights to 101 cities in 46 countries. To the extent that any of the statements contained herein relating to the Company 's expectations, assumptions and other Company matters are forward-looking, they are made in reliance upon the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based on current expectations that involve a number of uncertainties and risks that could cause actual results to differ materially from those projected in the forward-looking statements, including, but not limited to, risks associated with: worldwide business and economic conditions; product demand and the rate of growth in the air cargo industry; the impact of competitors and competitive aircraft and aircraft financing availability; the ability to attract and retain new and existing customers; normalized aircraft operating costs and reliability; management of growth; the continued productivity of its work force; dependence on key personnel; and regulatory matters. For additional information regarding these and other risk factors, reference is made to the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 1999. |
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