Atlas Air Worldwide Holdings Selects Ernst & Young as New Independent Auditor.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--April 26, 2002 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. (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 ) today announced the selection of its new independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. , Ernst & Young. In previous years, the company's audits were conducted by Arthur Andersen. "Arthur Andersen served as our independent auditors for seven years, and we valued their services. However, in light of the difficulties that they currently face, we believe it is in the best interest of our company and our shareholders for Atlas to make a change," said Douglas A. Carty, Chief Financial Officer of Atlas Air Worldwide Holdings. "We conducted a thorough search and we have selected Ernst & Young as our new independent auditor. Their outstanding reputation speaks for itself, and we look forward to working with them. As we make this change, we would like to thank Arthur Andersen for their professional services and contributions to Atlas Air." In order to accommodate the change in auditors, and to provide for an orderly transition, the Company's release of its first quarter earnings financial results will be slightly delayed from its normal schedule; the Company currently anticipates an early May earnings release date. Atlas Air Worldwide Holdings, Inc. is the parent company of Atlas Air, Inc., and of 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. . Atlas Air offers its customers a complete line of freighter services, specializing in ACMI contracts, with its fleet of B747 aircraft. These contracts include the provision by Atlas Air of the Aircraft, Crew, Maintenance and Insurance for some of the world's leading international carriers. Polar Air Cargo's fleet of Boeing 747 freighter aircraft specialize in time-definite, cost-effective 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. Polar and Atlas Air are operated as separate subsidiaries of the parent company. |
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