Atlas Air Worldwide Holdings Announces EETC Liquidity Facility Funding.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Sept. 24, 2003 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. Worldwide Holdings, Inc. (Pink Sheets: AAWH AAWH American Association for World Health ) today announced that it was advised by Wilmington Trust Co., as subordination agent, that Morgan Stanley Capital Services, Inc. has funded and withdrawn as the Class B and Class C certificate liquidity provider with respect to the Atlas Air, Inc. Enhanced Equipment Trust Certificates (EETCs). This action satisfies one of the specific requirements of the EETC EETC Enhanced Equipment Trust Certificate EETC Energy and Environment Technology Center EETC Early Education and Training Centre (Hong Kong) EETC Energy & Environmental Technologies Conference EETC Electronic Engineering Times - China restructuring agreements between the company and holders of a majority of the Class A EETCs. The EETCs were issued in 1998, 1999 and 2000 to finance Atlas Air's initial fleet of 12 Boeing 747-400 freighter aircraft. Atlas Air Worldwide Holdings, the parent company of Atlas Air, Inc. and Polar Air Cargo Polar Air Cargo is an American cargo airline based in Purchase, New York, USA. It operates scheduled all-cargo services to Asia, Europe, Australia, New Zealand and the Americas. Its main base is John F. , Inc., offers its customers a complete line of freighter services, including ACMI (Aircraft, Crew, Maintenance, and Insurance) contracts, charter services and time-definite, airport-to-airport scheduled airfreight air·freight n. 1. A system of transporting freight by air. 2. The amount charged for transporting freight by air. air service with a fleet of Boeing 747 freighters. Learn more at www.atlasair.com. |
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