Atlas Air acquires 777Fs to lease to DHL Express on ACMI basis

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Atlas Air Worldwide has acquired two Boeing 777 Freighters to be operated for DHL Express by Southern Air on an ACMI (aircraft, crew, maintenance and insurance) basis.

The aircraft were acquired from LATAM Airlines with the first starting service this month and the second expected to begin service at the end of the second quarter of 2018.

The first aircraft was previously operated on a CMI basis for DHL Express by Southern Air, and the second will increase the number of 777Fs owned or operated by the company to 12.

Atlas Air Worldwide president and chief executive officer, William J. Flynn says: “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.”

Atlas is 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.