Atlas Air Worldwide announces strategic investments in Air Atlanta

As part of the transaction, Atlas acquired a 49% minority equity stake, Titan Aviation Holdings subsidiary acquired the aircraft owned by the Air Atlanta group of companies and entered into a long-term leasing agreement with Air Atlanta. 

Atlas Air Worldwide (“Atlas”) announced the successful completion of its previously announced strategic investment in Air Atlanta. As part of the transaction, Atlas acquired a 49% minority equity stake in the company, and its Titan Aviation Holdings subsidiary acquired the aircraft owned by the Air Atlanta group of companies and entered into a long-term leasing agreement with Air Atlanta, which will continue to operate the aircraft.

The strategic partnership expands Atlas’ global operating platform and enhances access to widebody capacity across key international markets.

Michael Steen, Chief Executive Officer, said, “This milestone reflects our shared commitment to delivering exceptional service to customers and supporting the long-term success of both organisations.”

Baldvin M. Hermannsson, Chief Executive Officer of Air Atlanta, said, “Together with Atlas, we are well positioned to build on our complementary strengths and expand opportunities and enhance value for our customers.”

Barclays and Morgan Stanley & Co. LLC served as financial advisors to Atlas Air Worldwide. Norton Rose Fulbright LLP served as legal counsel to Atlas Air Worldwide.