Atlas Air Worldwide Holdings (AAWW) Enters New, Five-Year Agreement with FedEx Express

August 24, 2016 9:16 AM EDT

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Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced that it has entered into a five-year agreement with FedEx Express to provide it with five 747-400 freighter aircraft for peak flying seasons beginning in 2017 and lasting through 2021. Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place.

“We have worked closely and successfully with FedEx for many years, but this is our first agreement that allows both companies to plan for the longer term,” said William J. Flynn, President and Chief Executive Officer. “We are excited to continue to serve FedEx and its customers.”

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