Sun, Nov 06, 2011
Airline Subsidiary GSS To Operate Freighter For British Airways
World Cargo
The first 747-8 Freighter for Atlas Air Worldwide Holdings was
delivered on Thursday. The airplane is the first of nine 747-8
Freighters Atlas Air has on order. Atlas Air's 49 percent
subsidiary, Global Supply Systems (GSS), will operate the new
freighter for British Airways World Cargo through a five-year
wet-lease agreement.
"We have been looking forward to the delivery of our first
747-8F for a long time, and we are delighted that it is going into
service with our valued, long-standing customer, British Airways
World Cargo," said William J. Flynn, president and chief executive
officer of Atlas Air Worldwide Holdings, Inc.
As part of the lease agreement for three 747-8 Freighters with
GSS, British Airways World Cargo will utilize the airplanes on
long-haul routes to cargo hubs in Asia, Africa, India and the
United States. "The addition of the 747-8 Freighter to the fleet is
an important step in our overall long-haul business strategy," said
Jude Winstanley, senior vice president for IAG Cargo, comprised of
BA World Cargo and Iberia Cargo. "The 747-8 Freighter provides us
market-leading performance in terms of payload, fuel efficiency,
low tonne-kilometer cost and environmental compliance."
Kevin Schemm, vice president of North America and Leasing Sales,
congratulated both Atlas Air and British Airways World Cargo on
their new freighter. "The 747-8 Freighter will enable Atlas and
British Airways World Cargo to build on their success in the air
cargo market," Schemm said. "This airplane will deliver
unparalleled efficiency and low operating costs, including
double-digit improvements in fuel burn and lower emissions over the
747-400 it will be replacing."
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