Atlas Air Worldwide Board of Directors Elects Robert F. Agnew as Chairman

PURCHASE, N.Y., May 30, 2017 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced the election of Robert F. Agnew as chairman of the company’s board of directors. Mr. Agnew is president and chief executive officer of Morten Beyer & Agnew, an international aviation consulting firm experienced in the financial modeling and technical due diligence of airlines and aircraft funding. He succeeds retired Marine Corps Lt. Gen. Frederick McCorkle, who served as chairman since 2014 and will continue as a director.

“This transition demonstrates Atlas Air’s commitment to refreshing board positions, continuous improvement of board practices and sound corporate governance,” said Mr. McCorkle.

“Bob’s service on the board, most recently as chair of the Audit Committee, and his more than 30 years in aviation and marketing consulting bring an ideal combination of finance, commercial and international business expertise and considerable knowledge of Atlas Air to this role.”

“Fred’s impact on Atlas Air has been evident in the years that he served as chairman of the board,” said Mr. Agnew. “Atlas Air has diversified and grown significantly during this time.

“My fellow board members and I are deeply grateful to Fred for his leadership and his strong personal commitment to the company. I am honored to follow in his footsteps as Atlas Air continues to capitalize on the strong foundation we have built, and as we continue to grow our business and drive value and benefits for our customers and shareholders.”

Mr. Agnew has served on the board since 2004. He began his commercial aviation career at Northwest Airlines where he concentrated on government and contract sales, schedule planning and corporate operations research. After his years at Northwest, he served as Senior Vice President of Marketing and Sales at World Airways. Early in his career, he served in the U.S. Air Force as an officer and instructor navigator with the Strategic Air Command. 

About Atlas Air Worldwide:

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world's largest fleet of 747 freighter aircraft and provide customers a broad array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international applications.

Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasair.com.

Contacts:  
Beth Roach (Media) – (914) 701-6576
Dan Loh (Investors) – (914) 701-8200