Atlas Air acquires two Boeing 777 freighters from LATAM Airlines
March 7, 2018: Atlas Air Worldwide recently acquired two Boeing 777 freighters from LATAM Airlines.
The two 777 freighters will operate on aircraft, crew, maintenance and insurance (ACMI) basis for DHL Express through Atlas’ Southern Air subsidiary. The first service will commence operations this month, and the second is expected to begin by the end of the second quarter of 2018.
The first of the two aircraft was previously operated on a crew, maintenance and insurance (CMI) basis for DHL Express by Southern Air. The company plans to further increase the number of Boeing 777 freighters owned or operated by 12.
“These 777 freighters enhance our position in this attractive aircraft type, and are consistent with our strategy of growing the operations that we acquired as part of Southern Air,” said William Flynn, president and chief executive officer, Atlas Air Worldwide.
Meanwhile, Atlas is currently engaged in discussions with a bank syndicate to finance the two 2012-vintage aircraft, and expects to close the financing transaction during the second quarter of 2018.