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04/04/2012 - Atlas Air Chooses AFI KLM E&M For 747-400 Component Services

Renewed cooperation closer matches mutual requirements on component services.

Paris, Amstelveen, 04 April 2012 - Atlas Air, Inc. has opted to contract out component maintenance for its fleet of Boeing 747-400s to AFI KLM E&M. The long term agreement includes repairs and general component overhauls on a flight hour basis.


Extension of an efficient contract
The present contract prolongs the existing cooperation between the two groups in the components sphere. The services delivered by AFI KLM E&M fully satisfied Atlas Air on both quality and price. Atlas Air, a unit of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), a global provider of outsourced aircraft and aviation operating services, has decided to modify its approach to maintenance by taking greater control over it via insourcing. Nevertheless, it will continue its trust-based relationship with AFI KLM E&M, which will again have a significant role in this new contract, that demonstrated once again AFIKLM E&M Adaptiveness. The two organizations have agreed to modify the scope of the component support services provided for a closer match to their mutual requirements.
Rob Pruim, AFI KLM E&M Vice President Sales International said: "for many years now, we have a very strong partnership with Atlas Air on several maintenance activities. We are pleased to earn its trust again for the coming years on 747-400 components support and to contribute to the operational integrity of Atlas Air fleet."
Larry Gibbons, Atlas Air Vice President, Procurement said: "We have enjoyed a strong working relationship with KLM since our aircraft began global flying in 1993. KLM has been supportive of the continuing growth of our industry-leading operations, and we look forward to KLM's ongoing assistance as we capitalize on the scale and scope of our modern, efficient fleet to drive performance and value for our customers and investors."


About Atlas Air Worldwide
Atlas Air Worldwide is the parent company of Atlas Air, Inc. (Atlas Air) and Titan Aviation Leasing (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Atlas Air Worldwide also maintains a 49% interest in Global Supply Systems Limited (GSS). Through Atlas Air and Polar, Atlas Air Worldwide operates the world's largest fleet of Boeing 747 freighter aircraft, including the new 747-8F.

Atlas Air, Titan and Polar offer a range of outsourced aircraft and aviation operating services that include ACMI service - in which customers receive an aircraft, crew, maintenance and insurance on a long-term basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military cargo and passenger charters; commercial cargo and passenger charters; and dry leasing of aircraft and engines.


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