Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) launched the inaugural flight of the first of 20 B767-300 converted freighters to be provided to Amazon (NASDAQ: AMZN) to support the continuing expansion of Amazon´s e-commerce business and to enhance its customer delivery capabilities.
The aircraft, part of Amazon´s new “Prime Air” livery and named “Amazon One,” departed from Seattle-Tacoma International Airport and landed at the Wilmington Air Park Airport in Wilmington, Ohio. Bearing tail number N1997A, a prime number recognizing both the year Amazon became public and its Prime members, this aircraft is the newest addition to AAWW´s portfolio of more than 80 aircraft.
Under long-term commercial agreements, AAWW´s Titan Aviation leasing unit will dry lease the 20 B767-300s to Amazon. Its airline subsidiary, Atlas Air, Inc., will also operate the aircraft on a CMI (crew, maintenance and insurance) basis. The dry leases will have a term of 10 years, while the CMI operations will be for seven years (with extension provisions for a total of 10 years). Operations under the agreements are expected to ramp up to full service through 2018.
Atlas Air Worldwide is a 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.