Actually, Atlas is hauling a lot of their own cargo out of HKG, ICN and from MIA south and back.
The plane flying for Panalpina (HSV,STN,LUX,MEX,GUA) is actually flying on Atlas's right, since Panalpina is only a freight forwarder.
SonAir owns the planes, it is a CMI deal. Crew, Maint. and insurance provided by Atlas.