PURCHASE, N.Y., June 5, 2017 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced the ACMI placement of a 747-400 freighter with Yangtze River Airlines, a subsidiary of the HNA Group, based in Shanghai, China.

The 747-400F will be operated by Atlas Air, Inc. and will fly on behalf of Yangtze River Airlines through an aircraft, crew, maintenance and insurance agreement. The new service will commence this month and will serve routes between China and the United States.

“Yangtze River Airlines is a leading Chinese carrier with a strong ambition to expand its operation,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “We are delighted to work with Yangtze River Airlines to support its growth plans. This agreement is a further testament to our keen focus and continued expansion in the fast-growing Chinese and Asian markets.”

“Atlas Air is a strong and professional air transport capacity provider,” said Jevey Zhang, President of Cargo Business Units, Yangtze River Airlines. “It’s our pleasure to build a long- term cooperation between Yangtze River Airlines and Atlas Air, and it’s a great beginning of HNA Modern Logistics Group launching its global strategy.”