Atlas will be attending the OBAP conference in August.

"PURCHASE, N.Y., May 5, 2016 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today that it will provide air cargo services to support Amazon’s (Nasdaq: AMZN) package deliveries to its customers. The new agreements are expected to be meaningfully accretive to Atlas Air Worldwide’s earnings and cash flows over time.

“We are excited to begin a strategic long-term relationship with Amazon to support the continuing expansion of its e-commerce business and to enhance its customer delivery capabilities,” said President and Chief Executive Officer William J. Flynn. “We appreciate Amazon’s confidence in our capabilities, global scale and operating excellence.”

The long-term commercial agreements will include the operation of 20 B767-300 converted freighters for Amazon on a CMI (crew, maintenance and insurance) basis by Atlas Air Worldwide’s airline subsidiary, Atlas Air, Inc., as well as dry leasing by its Titan Aviation leasing unit. The dry leases will have a term of 10 years, while the CMI operations will be for seven years (with extension provisions for a total term of 10 years). Operations under the agreements are expected to begin in the second half of 2016 and ramp up to full service through 2018. "

...so DHL owns 49% of Polar, but Amazon with now own 20% of the AAW? This could be interesting.

Discuss

Doesn't change anything. Management is still treating pilots like crap. Still trying to shove an amalgamated contract down our throats.

STAY AWAY. There are much better opportunities available.

of the 20, how many will be flown by Atlas pilots?

Perfect fit for Florida West. Can see it now, Flynn and his henchmen will blame the Union for "forcing" them to place lift with non-Union FW. DONT FALL FOR IT.

Both the Union and Co need to be very careful - could blow up for both sides. IMO - a good reasonable short term deal, protecting all flying and future flying is in everyone's intrests.

I wouldn't put it past them to try, but they'll never be able to staff it under Florida West. Not with the current pilot market. They would have to find the worst wretches in the bottom of the pilot barrel willing to get hired into Florida West, and even they would not be enough.

No. If we have to burn this place to the ground to get a decent contract, so be it.

How I read the press release is 20 767-300 converted freighters dry leased through Titan, operated CMI through Atlas. Service beginning mid 2016 and fully operational 2018. Dry leases are for 10 years, CMI is for 7 years with provisions to bring it to 10.

Going to need to crew 20 more 767's and stop attrition at the same time to make that happen.....

There'$ an ea$y $olution for thi$.