Breaking news: Atlas Air to acquire Southern Air in $110m takeover - Air Cargo News

http://www.businesswire.com/news/hom...n-Air-Holdings
From the article

We are very pleased to announce a strategically compelling, highly complementary and immediately accretive acquisition of Southern Air,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide. “And we are eager to capitalize on the substantial opportunities that the transaction will provide, especially 777 and 737 aircraft operations.

“The result will be a more diversified and profitable company offering access to the widest range of modern, efficient aircraft, together with a broader mix of services and a greater scale and global footprint that will drive significant value for our customers and shareholders.”

“We very much look forward to joining the Atlas Air family of companies,” said Daniel J. McHugh, Chief Executive Officer of Southern Air Holdings. “We share the same commitment to providing superior customer service via our exceptional team of aviation professionals. And Southern Air will now have a strong and viable parent to enable us to continue to grow.”

Interesting way to start the day. I am sure there will be more to come. Best of luck to everyone.

Wow! Well good for the Southern guys.

Anyone closer to Atlas or Southern care to speculate on how this is going to affect current and near future hiring? The last I heard, Atlas wanted to hire several hundred pilots this year.

Not the atlas guys.

SAH group is 250 roughly, and they will be operated as a separate certificate for the time being. I Atlas needs 700 they will still be 900 between now and the time that certificate is merged to make the numbers work.

Atlas and Southern side by side pay scales for quick ref.

Unless there is a large CMI possibility in the works. If that is the case there will be more upgrades for everyone currently on the properties that might not have been possible as separate entities.

Atlas and Southern FO's pay scales side by side for reference

Why is that? Will it affect you? The things Pilot's worry about.....

The only loser in this will be DHL and LAN cargo. Depending on when the contracts expire, they pay more, or lose 13 airplanes to Amazon.