Atlas Air Worldwide Holdings (AAWW)

Boeing Awards Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) Long-Term Contract to Operate Dreamlifter Fleet in Support of 787 Dreamliner Program. 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 under which 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.

Mar 5 · 12:03:00 PM · Source: Company Press Release
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by Steve Wieczorek