Atlas Air Expands Service with DHL
Atlas Air Worldwide Holdings Inc. said on Wednesday it expanded its service with DHL Express, adding two more 747s under a three-year contract.
The air freight company will start the service on March 29. Another six of Atlas’ 747s are slated to provide express service for DHL starting on Oct. 27.
Atlas, which did not provide financial terms of the agreement, plans acquire three 747s to meet added demand from DHL and others.
Once the DHL service begins, “we will no longer be exposed to the commercial risk of filling the aircraft, the yield risk of pricing the freight that is on the aircraft, or the related risk of fuel and fuel-price escalation,” Chief Executive William J. Flynn said in a statement.
Atlas Air Worldwide Holdings Inc. said on Wednesday it expanded its service with DHL Express, adding two more 747s under a three-year contract.
The air freight company will start the service on March 29. Another six of Atlas’ 747s are slated to provide express service for DHL starting on Oct. 27.
Atlas, which did not provide financial terms of the agreement, plans acquire three 747s to meet added demand from DHL and others.
Once the DHL service begins, “we will no longer be exposed to the commercial risk of filling the aircraft, the yield risk of pricing the freight that is on the aircraft, or the related risk of fuel and fuel-price escalation,” Chief Executive William J. Flynn said in a statement.
