Atlas Air Worldwide Holdings, Inc. has announced the acquisition of two Boeing 777F Freighters from LATAM Airlines.
Both 777 aircraft will operate in ACMI (aircraft, crew, maintenance and insurance) service for DHL Express through Atlas’ Southern Air subsidiary, with the first starting service this month and the second expected to begin service at the end of the second quarter of 2018.
The first of the two aircraft was previously operated on a CMI (crew, maintenance and insurance) basis for DHL Express by Southern Air. The second aircraft will increase the number of 777 freighters owned or operated by the company to 12.
The expected financial and operating impacts of the two 777 freighters in 2018 were incorporated in the company’s earnings growth framework announced on February 22, 2018. As indicated, the company anticipates that its full-year 2018 adjusted net income will grow by a mid-twenty-percent level compared with 2017.
Copyright Photo: Southern Air (2nd)-DHL Boeing 777-FZB N775SA (msn 37987) ANC (Michael B. Ing). Image: 920329.
Boeing (Chicago, Seattle, Wichita and Charleston) has delivered two 777F freighters to Southern Air (2nd) (Southern Air Holdings, Inc.), the first 777s to join the Norwalk, Conn.-based cargo carrier’s fleet.
The addition of these two airplanes makes Southern Air (Anchorage) the world’s first aircraft, crew, maintenance and insurance (ACMI) operator to feature the 777F freighter.
Southern Air has entered into an agreement to operate the two 777F freighters on behalf of Thai Airways International (Bangkok). Thai Airways will utilize the full capacity of the 777F freighters, becoming the first carrier in Southeast Asia to offer this capability to its freight customers.
Southern Air is a portfolio company of Oak Hill Capital Partners. In addition to the new Boeing 777 Freighters, Southern Air operates a fleet of 16 Boeing 747 Freighter airplanes.
Copyright Photo: SteelDreams. The second Boeing 777-FZB N775SA (msn 37987) is pictured at Everett in the new “generic” color scheme featuring Thai’s web address. N775SA was handed over on March 3 and joins the previously delivered N774SA.