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Company Watch - World Air Holdings.

Edited by Aram Gesar, For more global news, data, analysis and features, please go to: Sep 18, 2006

Atlas Air Worldwide Holdings today announced the carrier has ordered 12 747-8 Freighters, making Atlas the North American launch customer for the airplane. At list prices, the order is valued at about $3.4 billion. Atlas will begin taking delivery of the airplanes in 2010 and expects all 12 aircraft to be in service by the end of 2011. "With this order, Atlas Air remains the leader in providing the capacity and operational flexibility required by our air cargo customers using the state-of-the art freighter platform," said William J. Flynn, president and CEO of Atlas Air Worldwide Holdings. Atlas operates the world's largest fleet of Boeing 747 Freighters, with 20 747-400 and 15 747-200 Freighters in service with operators throughout the world. The 747-8F, which has a common pilot type rating and more than 70 percent parts commonality with the 747-400F, assures Atlas a seamless and low-cost introduction of the new airplane into its fleet. Sep 12, 2006

World Air Holdings announced it has launched its previously announced tender offer to purchase up to 2.2 million shares of its common stock at $9-$9.50 per share. The offer expires Oct. 6. Sep 13, 2006

World Airways will operate two MD-11 freighters for Lufthansa Cargo between the US and Europe for one year beginning at the end of next month. World currently operates 17 MD-11s and DC-10s. Sep 13, 2006
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Publication:Airguide Online
Date:Sep 18, 2006
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