Atlas Air Awarded Boeing Contract to Operate Dreamlifter Fleet <


Bookmark and Share


Atlas Air Awarded Boeing Contract to Operate Dreamlifter Fleet

By Bill Goldston

March 09, 2010 – Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.  

The parties have structured the nine-year agreement in a manner consistent with the outsourcing business model under which Atlas Air typically operates. Under that model, Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.

Converted 747 jumbo jets fly components for Boeing’s new 787 jetliners to its assembly plant in Everett  

Evergreen International Aviation Inc had the original contract. Its chairmen, Tim Wahlberg was disappointed to learn that the company had lost the contract. The company was unaware nor given notice that their contract was given to Atlas Air. The five year contract with Boeing will end in September 2010.

“It really puts us in a bad position,” Wahlberg said. “And we’re really disappointed that Boeing hasn’t come clean on what the deal is. It kind of hurts our reputation.” Although Evergreen was under a five year contract the company believed because of its out standing work with Boeing, Evergreen had expected the contract would have lasted at least 35 years. Wahlberg said his company ran a perfect operation and was always on time.   

“Atlas Air is very excited to partner with Boeing as it ushers in a new era in air travel with the first all-new jet airplane of the 21st century,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide Holdings, Inc. “We look forward to working closely with Boeing and to providing world-class Dreamlifter service. 

“Our dynamic customer solutions and our ability to integrate with our customers’ operations set us apart from other participants in the aircraft operating solutions market. We believe that our global scope and scale, high-quality service and reliability, cost-effective operations, and premium customer service create a compelling value proposition for our customers.” 

Mr. Flynn added: “We are well positioned to execute on our growth initiatives and to drive future revenues and earnings. In addition to the expected start-ups of our new CMI service for Boeing in the second half of this year and for SonAir in the second quarter, we are focused on introducing our new Boeing 747-8 freighters into service in 2011 and on adjacent dry leasing opportunities in our Titan subsidiary. 

“When fully implemented, we expect that the annual contribution per aircraft from our Dreamlifter service will meet or exceed the current average contribution that we achieve in our 747-400 ACMI service.”  

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW operates the world’s largest fleet of Boeing 747 freighter aircraft.  

Atlas, Titan and Polar offer a range of air cargo services that include ACMI aircraft leasing – in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military charters; commercial cargo charters; and dry leasing of aircraft and engines.

 ©AvStop Online Magazine                                                                 Contact Us                                                  Return To News                                          Bookmark and Share


AvStop Aviation News and Resource Online Magazine

Grab this Headline Animator