Atlas Air Worldwide Holdings starts B767 operations for DHL Express
2012 04 04
- Details
ATLAS Air Worldwide Holdings, a global provider of outsourced aircraft and aviation operating services, has announced that its Atlas Air, Inc. unit has commenced Boeing 767 cargo services in North America for DHL Express under a long-term CMI (Crew, Maintenance and Insurance) contract.
The new service on behalf of the international express shipping company further expands Atlas Air's asset-light CMI service solution, which was launched in 2010. The company said in a statement that it expects CMI to be a strategic driver of increased revenues and earnings and improved business mix.
"By growing our CMI operations, we continue to diversify our business mix while at the same time strengthening our long-term relationship with DHL Express," said William Flynn, president and chief executive officer.
Under the agreement, Atlas Air will operate five Boeing 767-200 freighters owned by DHL in the express shipping company's North American network. The first of these aircraft started service in March and all five are expected to be operational by the third quarter of 2012.
Atlas crews will operate the aircraft on behalf of DHL on routings to and from its customer's Cincinnati hub. Depending on routes flown, the eventual five aircraft are expected to generate a total volume of approximately 130 to 150 block hours per aircraft per month.
The business also highlights Atlas Air's expansion into a new aircraft type, the Boeing 767, which is expected to become an important model in the company's fleet going forwards. The company's 767 freighter operations are said to complement its Boeing 747 freighter operations.
The company, through its Polar Air Cargo Worldwide subsidiary, also provides time-definite, 747-400 freighter network service to DHL, primarily in transpacific trade lanes.
"Our new 767 service for DHL Express is another milestone event for Atlas," Mr Flynn added. "It shows that we are executing on the strategies that are central to our business plan, demonstrates growth of our asset-light CMI business and represents an expansion of our relationship with DHL Express. It also underscores our growth into a key new equipment type and is symbolic of where we are taking the company."
Source Shipping Gazette - Daily Shipping News
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