Atlas Air Worldwide Holdings, Inc. announced its subsidiary Atlas Air, Inc. has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis.
This new agreement is in addition to the company’s existing multi-year peak season contract that provides FedEx with a minimum of five aircraft during the fourth quarter.
Both 747-400 freighters have entered service and are flying on behalf of FedEx to support their growing express and e-commerce network.
“We are pleased to grow our long-term relationship with FedEx,” said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.
“This agreement reflects the continued strong demand for airfreight capacity, particularly in the express and e-commerce markets.
“Atlas is a leader in supporting express networks, with a focus on operating the most modern, fuel-efficient aircraft to deliver high levels of on-time performance for our customers.”