January 08, 2020: Aircraft lessor Atlas Air Worldwide Holding announced that its Atlas Air Inc unit and EL AI Israel Airlines have entered into an agreement that enables the latter to expand its reach and cargo lift for its customers.
Under the terms of the aircraft, crew, maintenance, and insurance (ACMI) agreement, Atlas Air will operate a B747-400 freighter for capacity on significant routes, mainly Liege – Tel Aviv, beginning this month. The 747-400 will provide additional revenue cargo volume to serve the strong growth in demand across EL AI’s freight network.
“This new agreement will allow EL AI to capitalise on the state-of-the-art service solutions provided by our aircraft,” said John Dietrich, president and CEO, Atlas Air Worldwide. “We welcome EL AI as a new customer and look forward to supporting EL AI as it continues to capture market opportunities and enhance its position as a leader in Israel’s cargo industry.”
Ronen Spira, head of EL AL’s cargo division said, “We are committed to providing our customers with a variety of cargo solutions. This strategic initiative with Atlas Air enables us to provide our customers with stable and high-quality operation for all types of cargo. Atlas Air’s fleet of 747 aircraft is well-suited to support EL AL’s operations and schedules.”
Atlas Air Worldwide is the parent company of Atlas Air, Southern Air Holdings, and Titan Aviation Holdings, and is the majority shareholder of Polar Air Cargo Worldwide.