Atlas Air to Begin Trading on the New York Stock Exchange.GOLDEN, Colo.--(BUSINESS WIRE)--Oct. 10, 1997--Atlas Air, Inc. announced today that its stock has been approved for listing on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ). The company expects to begin trading on November 11, 1997. Until that time, Atlas will continue trading on 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 under the symbol "ATLS ATLS Advanced Trauma Life Support ATLS Aerial Target Launch Ship ." The common stock of Atlas Air will trade under the symbol CGO. Michael Chowdry, Chairman, Chief Executive Officer and President of Atlas, said, "We are excited about this move, as we believe the New York Stock Exchange will provide Atlas with a high profile venue for the trading of our shares. Our shareholders should also benefit from the efficient trading characteristics of the NYSE, which should alleviate some of the volatility our stock has experienced. In the space of less than five years, Atlas has become a truly global company, and we expect our listing on the NYSE to be further recognition of the status we have achieved." Atlas Air is a United States certificated air carrier that operates a fleet of 22 747 freighters under long-term ACMI contracts. These contracts include the provision by Atlas of Aircraft, Crew, Maintenance and Insurance for some of the world's leading air carriers including British Airways, China Airlines, Emirates, FastAir, KLM, LAS, 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. , Thai International Airways and Varig, serving 62 cities in 38 countries. CONTACT: Atlas Air Inc., Golden Richard H. Shuyler, 303/526-5050 |
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