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Atlas Air Worldwide Holdings plans to offer 5.25m shares of common stock.

AIRLINE INDUSTRY INFORMATION-(C)1997-2009 M2 COMMUNICATIONS

Atlas Air Worldwide Holdings Inc (AAWW), a provider of global air cargo assets and outsourced aircraft operating services, announced on Monday that it plans to offer 5.25m shares of its common stock in an underwritten public offering, subject to market conditions.

The company will also grant the underwriters of the offering a 30-day option to purchase up to an additional 787,500 shares.

Net proceeds from the offering will be used by AAWW for general corporate purposes, including financing capital expenditures of funding potential acquisitions or other business transactions.

Morgan Stanley & Co Incorporated and Goldman, Sachs & Co will be joint bookrunning managers for the offering and BB&T Capital Markets and Stephens Inc will be co-managers.

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Publication:Airline Industry Information
Date:Oct 26, 2009
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