Atlas Air Worldwide Holdings

Ethiopian Airlines is adding Boeing 767 freighters in a transaction with Atlas Air Worldwide.

It has taken Atlas Air’s parent company five years to complete the integration of Southern Air. The transition is now complete.

FedEx doesn’t operate any 747 freighters itself but is hiring Atlas Air to use jumbo jets on its behalf.

Atlas Air pilots are peeved that an outside arbitrator jammed a new labor contract down their throat. Union says many are threatening to leave.

DHL Express is one of Atlas Air’s biggest customers. It just renewed leases for 20 planes.

Atlas Air is keeping eight jumbo jets by buying them from leasing companies. It doesn’t want to turn them in because it would have fewer assets available to meet customer demand.

Icelandair is raising capital with a sale-leaseback of two large jets and then turning them into freighters. It’s an innovative move.

Boeing is pulling the plug on its 747-8 production line, and Atlas Air is snapping up the last planes. DHL Express is also ordering 777 freighters.

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Atlas Air says it faced hardships during the coronavirus pandemic, making it eligible for emergency airline aid from Congress despite a massive growth in business.