Sun, Mar 07, 2010
Boeing Awards Long-Term Contract To Operate Dreamlifter Fleet
In Support Of 787 Program
Atlas Air Worldwide Holdings, which is a provider of global
air cargo assets and outsourced aircraft operating services,
announced Thursday that Boeing has selected Atlas Air to provide
key supply-chain support for the production of Boeing’s
all-new commercial jetliner, the 787 Dreamliner.
The parties have structured the nine-year agreement in a manner
consistent with the outsourcing business model under which Atlas
Air typically operates. Under that model, Atlas Air will receive
contractually determined revenues for the operation of the
Dreamlifter aircraft, with Boeing assuming responsibility for
certain direct costs, including fuel. Under the CMI arrangement,
Boeing will provide and maintain ownership of the aircraft
assets.
Boeing Dreamlifter
“Atlas Air is very excited to partner with Boeing as it
ushers in a new era in air travel with the first all-new jet
airplane of the 21st century,” said William J. Flynn,
President and Chief Executive Officer of Atlas Air Worldwide
Holdings, Inc. “We look forward to working closely with
Boeing and to providing world-class Dreamlifter service.
“Our dynamic customer solutions and our ability to
integrate with our customers’ operations set us apart from
other participants in the aircraft operating solutions market. We
believe that our global scope and scale, high-quality service and
reliability, cost-effective operations, and premium customer
service create a compelling value proposition for our
customers.”
Boeing 787 Dreamliner
Mr. Flynn added: “We are well positioned to execute on our
growth initiatives and to drive future revenues and earnings. In
addition to the expected start-ups of our new CMI service for
Boeing in the second half of this year and for SonAir in the second
quarter, we are focused on introducing our new Boeing 747-8
freighters into service in 2011 and on adjacent dry leasing
opportunities in our Titan subsidiary.
“When fully implemented, we expect that the annual
contribution per aircraft from our Dreamlifter service will meet or
exceed the current average contribution that we achieve in our
747-400 ACMI service.”
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