Atlas Air Worldwide Places Three 747-400Fs with Hong Kong Air Cargo 

PURCHASE, N.Y., Aug. 02, 2017 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced the ACMI placement of three 747-400 freighters with Hong Kong Air Cargo Carrier Limited, a subsidiary of Hong Kong Airlines.

The aircraft will be operated by Atlas Air, Inc. and will fly on behalf of Hong Kong Air Cargo through an aircraft, crew, maintenance and insurance agreement. The first aircraft will enter service in September 2017 and will serve routes between Asia and the United States. The second and third aircraft are expected to commence operation during 2018.

"We are delighted that Hong Kong Air Cargo has chosen Atlas Air as its ACMI provider as it continues to build its global freighter network,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide. “This is a further testament to our strong focus on serving customers in the fast-growing Asia Pacific market.”

“We are pleased to work with Atlas Air as our ACMI provider,” said Guo Song Zhong, Chairman and Chief Executive Officer of Hong Kong Air Cargo. “After strengthening our regional network in recent years, it is now time to expand our Trans-Pacific network and look into other markets such as Europe, Australia, Africa and Latin America as we move forward.”

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.

About Hong Kong Air Cargo Carrier Limited:

Hong Kong Air Cargo, a subsidiary of Hong Kong Airlines, is an all-cargo airline based in Hong Kong, providing international public airfreight transportation.

The business of Hong Kong Air Cargo, in particular, has experienced consistent year-on-year growth since the airline introduced its first A330-200F aircraft in 2010. As of 2016, Hong Kong Air Cargo’s freighters covered over 11 freight routes and 13 destinations, and its cargo volume exceeded 327,500 tons, accounting for 7% of Hong Kong International Airport’s overall throughput.

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