747-8

Atlas Air Worldwide-”British Airways to Pursue New Opportunities”

Atlas Air Worldwide Holdings, a provider of outsourced aircraft and aviation operating solutions, today announced that, following notice  from British Airways of BA’s “strategic decision to exit dedicated cargo-freighter service” and to return the three Boeing 747-8 freighters to GSS (Atlas Air’s owner) in April 2014, it will be seeking opportunties to re-deploy the aircraft it currently operates for BA, together with the maintenance and other capacities.

747-8 freighter operated by Atlas Air in BA livery

A 747-8 freighter

In a gracious statement Atlas Air said, “We deeply appreciate our long relationship with British Airways and its cargo affiliate, IAG Cargo. We are very proud to have served them over the past 18 years, including the last 12 years through GSS. We are also focused on the continued development of our business. We are an innovative provider of outsourced aircraft and aviation operating solutions to the global aviation industry. And we will deploy these freighters in profitable revenue operations once redelivered to us, taking advantage of their superior fuel efficiency, range, capacity and loading capabilities. We believe these qualities create a compelling value proposition for our customers.”

Through GSS, the company also will receive contractual early termination fees from British Airways.