Atlas Air completes $110m acquisition of Southern Air

Atlas Air completes $110m acquisition of Southern Air

Atlas Air Boeing 747-8F

Atlas Air Worldwide has completed the acquisition of Southern Air Holdings in a deal worth about $110 million.

The deal will give Atlas access to Southern’s fleet of crew, maintenance and insurance Boeing 737s and Boeing 777s. The five Southern 737s and five 777s will compliment Atlas’ fleet of more than 75 aircraft, which are a mix of Boeing 737s, 747s, 757s, 767s and 777s on ACMI (aircraft, crew, maintenance and insurance), charter, CMI, and dry-leasing operations.

Atlas Air Worldwide president and chief executive officer, William Flynn says: “We are proud to welcome Southern Air, its operating companies, and its professional, experienced workforce to the Atlas family. Together, we will be a stronger, more diversified, more profitable company offering access to the widest range of modern, efficient aircraft for domestic, regional and international applications.”

Southern Air is the parent company of Worldwide Air Logistics Group and its operating subsidiaries, Southern Air and Florida West International Airways. Atlas Air Worldwide is the parent company of Atlas Air, Titan Aviation Holdings and now Southern Air, as well as the majority shareholder of Polar Air Cargo Worldwide.

subscribe to acw for free
stay informed. stay ahead

To get the latest air cargo news and industry trends delivered directly to your inbox, subscribe now!

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Jason Berry named COO of Alaska Airlines

UAE logistics sector accelerates growth at 3-year milestone amid global uncertainty

Unipart and KBR forge strategic partnership to transform defence sector

WAIT... BEFORE YOU GO

Get the ACW Daily Newsletter for up-to-the-minute news on everything important in the airfreight industry

Logo Air Cargo Week