Atlas Air Worldwide Completes Strategic Investment in Air Atlanta
Atlas Air Worldwide, a leader in outsourced aviation logistics and a subsidiary of investment affiliates of J.F. Lehman & Company, has completed its strategic investment in Air Atlanta, a global provider of aircraft, crew, maintenance, and insurance (ACMI) as well as aircraft management services.
With this investment, Atlas has acquired a 49% minority equity interest in Air Atlanta, forming a strategic partnership that enhances Atlas' global operational capabilities and access to widebody capacity in key international markets. Air Atlanta will maintain its existing leadership team and operational structure, with the management team retaining a 51% controlling interest in the airline's operations.
Atlas, through its Titan Aviation Holdings subsidiary, has also acquired the aircraft owned by the Air Atlanta group and plans to lease these aircraft back to the airline for ongoing operations. Air Atlanta currently operates a fleet of 14 widebody freighters, which includes Boeing 747 and 777 aircraft, along with four passenger 777 aircraft.
Michael Steen, Chief Executive Officer of Atlas, expressed satisfaction with the completion of the investment and welcomed the Air Atlanta team as a partner. He noted that this milestone demonstrates a shared commitment to exceptional service and the long-term success of both organizations.
Alex Harman, a Director of Atlas and Managing Partner at J.F. Lehman & Company, stated that the partnership unites two respected operators with complementary strengths and marks a significant step in Atlas' growth strategy. Harman expressed enthusiasm for supporting the Air Atlanta team in pursuing future opportunities.
Atlas Air Worldwide, the parent company of Atlas Air, Inc., operates the world's largest fleet of 747 freighter aircraft and serves a diverse customer base in over 300 destinations across more than 90 countries. J.F. Lehman & Company, founded in 1992, focuses on investments in various industries including aerospace and defense, with over $9 billion in assets under management.