Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) subsidiary Atlas Air, Inc., has agreed to extend its long-standing partnership with Qantas Freight, an air freight carrier in Australia. The partnership began in 2004.
The extended agreement with Qantas Freight allows Atlas Air to provide long-haul, widebody main deck capacity with two Boeing Co (NYSE: BA) 747-400Fs operating its existing network linking Australia, Asia, and the U.S.
It also includes an additional 747-400F that has also been extended to service the one-way U.S.-Australia-Hong Kong routing, boosting capacity to meet customer demand.
"This important extension with Qantas Freight comes at a time of significant growth in the air freight industry. We look forward to supporting Qantas Freight as it continues to expand its global freighter network," commented John W. Dietrich, Atlas Air Worldwide President and CEO.
Price Action: AAWW shares are lower by 0.34% at $100.30 on the last check Thursday.
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