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Watch: Boeing Plane Making Emergency Landing In Miami After Engine Catches Fire Mid-Air
Friday, January 19, 2024 - 9:14am | 690An Atlas Air Boeing 747-8 cargo plane encountered an engine malfunction shortly after takeoff, prompting an emergency landing at Miami International Airport (MIA). What Happened: The incident occurred on Thursday, as the aircraft was en route to San Juan, Puerto Rico, from Miami, reported Reuters...
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Atlas Air Buys Eight 747 Freighters Off Lease To Maintain Capacity
Thursday, August 5, 2021 - 4:11pm | 822Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it is purchasing eight Boeing 747-400 freighters as their leases expire between this summer and the end of 2022 to ensure capacity as strong air cargo volumes collide with supply shortages. The cargo airline holding company's second-quarter revenue...
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Can Anyone Dethrone Amazon Atop FreightTech Awards? Nominations Now Being Accepted
Tuesday, July 28, 2020 - 1:21pm | 780Amazon Inc (NASDAQ: AMZN) has become synonymous with disruption. It disrupted the retail space and helped usher in e-commerce, and it's done the same in the freight space, turning traditional freight delivery schedules upside down. Amazon brought two-day, one-day, and even same-day shipping to the...
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Amazon Targets Climate Change With $2B VC Fund
Tuesday, June 23, 2020 - 3:36pm | 579Facing mounting criticism over the environmental impact of its massive e-commerce and data services operations, Amazon.com (NASDAQ: AMZN) on Tuesday announced a $2 billion investment fund focused on "sustainable and decarbonizing technologies." The newly formed Climate Pledge Fund will invest in...
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DHL Adds Flight From LA To UK Hub
Tuesday, June 23, 2020 - 10:45am | 358DHL Express this weekend will launch a weekly freighter flight from Los Angeles International Airport to its U.K. hub at East Midlands Airport, in response to rising demand for e-commerce shipments and the lost airlift associated with the widespread grounding of passenger fleets due to the...
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Amazon Air Picks San Bernardino Airport For Western Hub
Tuesday, May 12, 2020 - 11:28am | 605As expected, Amazon Inc's (NASDAQ: AMZN) newest air hub will be in San Bernardino, California, where feeder aircraft from various cities and trucks from nearby warehouses will arrive with packages to be sorted and redistributed nationwide on outbound airplanes. The San Bernardino International...
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Atlas Air Offers Optimistic Outlook Despite 4Q Operating Loss
Friday, February 21, 2020 - 9:53am | 582Air cargo service provider Atlas Air Worldwide (NASDAQ: AAWW) said Thursday it took a $616 million fourth-quarter charge on its fleet of Boeing 747-400 freighters, which inflated earnings by lowering rent and depreciation expense and is expected to help boost future profits. The Purchase, New York...
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Atlas Air Lands El Al As New Customer
Wednesday, January 8, 2020 - 12:44pm | 314El Al Israel Airlines is outsourcing operation of its main freighter route between Tel Aviv and Liege, Belgium, to Atlas Air Inc. under an extended charter arrangement. Atlas, an aviation services company headquartered in Purchase, N.Y., said Tuesday it is leasing El Al a Boeing 747-400 all-cargo...
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Bain Capital To Invest In Atlas Air's Aircraft Leasing Unit
Wednesday, December 18, 2019 - 3:10pm | 580Investment firm Bain Capital Credit will invest an initial $360 million in a joint venture with Atlas Air Worldwide Holdings (NASDAQ: AAWW), a major provider of outsourced all-cargo aircraft operations and other aviation services, to lease freighter aircraft, the companies said Wednesday. Under...
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Federal Court Sides With Atlas Air In Dispute With Pilots
Friday, November 22, 2019 - 6:37pm | 1077A federal appeals court on Thursday upheld a lower court ruling that pilots for Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) and Southern Air need to follow binding arbitration to resolve differences over whether each company's merger agreements applied to bargaining with the combined company...
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Atlas Air Pilots Authorized To Form Own Local
Monday, October 7, 2019 - 11:21am | 339Unionized pilots at cargo and charter airline Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) have been authorized to form their own union local, Local 2750, under the auspices of the Teamsters union, the union said. Atlas' pilots had been part of Teamsters Local 1224. The growth of Atlas' pilot...
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Amazon Shifts Two Freighters From Atlas Air To ATSG Operation
Monday, September 16, 2019 - 10:14am | 315Amazon.com Inc. (NASDAQ: AMZN) has transferred flying responsibility for two leased Boeing 767-300 freighters from Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) to Air Transport International, a charter airline owned by Air Transport Services Group (ATSG), Amazon and ATSG officials confirmed....
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Atlas Air, Pilots Union Don't Appear To Let Contract Talks Go Gently Into That Good Night
Wednesday, August 28, 2019 - 5:54pm | 1106There is a chance that cargo airline Atlas Air Worldwide Holdings, Inc. (NYSE: AAWW) and its nearly 1,800 unionized pilots will hunker down around a bargaining table over the next few weeks or months and hammer out a contract to end a contract impasse well into its third year. Judging by the...
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Amazon Moves Into 737 Freighter Operations Under Lease With Atlas Air
Monday, April 1, 2019 - 11:21am | 626Amazon.com, Inc. (NASDAQ: AMZN) has made its move into Boeing 737-800 air freighter operations after agreeing to a seven-year lease of five of the narrow-bodied airplanes from Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW), one of its flying partners, with the possibility of adding 15 more. In...
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Atlas Air Confirms Three Fatalities In Freighter Crash Outside Houston
Monday, February 25, 2019 - 12:37pm | 561Air cargo carrier Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW) confirmed today that three crew members perished when a Boeing 767 freighter en route to Houston from Miami crashed yesterday into the shallow waters of Trinity Bay in Anahuac, Texas, just minutes from arriving at George Bush...