Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that the transition to bring operations of Southern Air, Inc. under a Single Operating Certificate (SOC) with Atlas Air, Inc. is now complete.
With the addition of Southern Air, Atlas Air was able to add 777 and 737 aircraft operating platforms, resulting in a more diversified company offering customers access to a wider range of aircraft, a broader array of services, greater scale and an expanded global footprint.
“The 2016 acquisition of Southern Air enhanced our company’s position as a leading global provider of outsourced aircraft and aviation operating services by expanding our fleet and global capabilities to drive significant value for our customers and shareholders,” said John W. Dietrich, President and Chief Executive Officer, Atlas Air Worldwide. “It also brought us a talented team of aviation professionals who share in our commitment to our customers as we create an even stronger company for the future. We are excited to have all our Southern Air employees assume positions with Atlas Air as we complete the final step in merging these two great airlines.”
Mr. Dietrich expressed the company’s appreciation for the U.S. Federal Aviation Administration’s (FAA) assistance during the transition.
“We are grateful to the FAA for its support throughout this process as we focused on a safe and compliant operational transition,” Mr. Dietrich said. “The efforts and insight of the FAA team have been invaluable. We look forward to continuing to work closely with the FAA under this Single Operating Certificate.”