Atlas Air commends US government for efforts to provide US-EU wet-lease services

Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) has announced it has commended the US government for its efforts to persuade the European Union to allow US air carriers to provide wet-lease, or ACMI (aircraft, crew, maintenance and insurance), services to European carriers, the company said.

The US-EU stand-alone agreement eliminates one-sided, short-term time constraints that severely limited the ability of US carriers to provide ACMI service in Europe, while European carriers were under no such restrictions in the United States.

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., and is the majority shareholder of Polar Air Cargo Worldwide, Inc.