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.”