Panama City, Panama (October 29, 2018)- The Latin American and Caribbean Air Transport Association (ALTA) is pleased to welcome Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), a recognized global airfreight company with more than 25 years serving the airline and freight industries, commercial and military customers.

Atlas Air Worldwide owns the world's largest fleet of Boeing 747 cargo aircraft, and provides customers a broad array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international cargo and passenger operations. It offers customer quality, reliability and safety while boosting business globally.

"We are pleased to welcome Atlas Air Worldwide, a company with outstanding experience in the air cargo business. Our main objective is to promote the development of the airline industry to achieve its great potential as an economic and social engine of the region and the arrival of Atlas Air Worldwide is a fundamental step in this mission. In Latin America alone, approximately 4,500 tons, 7% of imports and 5% of exports, are transported by air daily, contributing directly to the dynamism of the region, to the growth of local producers, to tourism and other economic sectors," commented Luis Felipe de Oliveira, Executive Director of ALTA.

"Atlas Air is delighted to join ALTA and support the organization in their efforts to further harmonize processes throughout the region and stimulate free trade," said William J. Flynn, President and CEO, Atlas Air Worldwide. "The South American region is an important and growing part of the global economy and an integral part of Atlas Air's operations. We are dedicated to continuing to expand our footprint and services in the region."

Atlas Air transports more than 20,000 tonnes of freight in and out of Miami International Airport on a monthly basis making Atlas Air their top cargo carrier (YTD). Atlas Air serves all high-volume trade lanes in South America through Miami International Airport and offers on time-definite solutions to the entire logistics chain to and from the region.

Atlas Air Worldwide is the fourth airline to join ALTA in 2018, providing members of the association with greater opportunities for joint work throughout the industry to achieve the established objectives.