Welcome to Flightinfo.com
- Register now and join the discussion
- Friendliest aviation Ccmmunity on the web
- Modern site for PC's, Phones, Tablets - no 3rd party apps required
- Ask questions, help others, promote aviation
- Share the passion for aviation
- Invite everyone to Flightinfo.com and let's have fun
Atlas getting the Dreamlifter
- Thread starter tubineotter
- Start date
- Watchers 15
Welcome to Flightinfo.com
- Register now and join the discussion
- Modern secure site, no 3rd party apps required
- Invite your friends
- Share the passion of aviation
- Friendliest aviation community on the web
B747FR8DAWG
GIANT 747
- Joined
- Jan 23, 2005
- Posts
- 465
Classicdriver
Well-known member
- Joined
- Jan 25, 2006
- Posts
- 271
Talon757
Montana Native
- Joined
- May 26, 2008
- Posts
- 112
This rumor must be true, the company (Atlas) just announced today, via company email, that all furloughed pilots will be recalled, numerous captain opportunities, and additional hiring!
Now THERE'S some good news! I had been hearing the rumblings but it's nice to hear a report of some concrete facts on the matter. Awaiting the phone call.
Now THERE'S some good news! I had been hearing the rumblings but it's nice to hear a report of some concrete facts on the matter. Awaiting the phone call.
johnsonrod
Well-known member
- Joined
- Feb 25, 2006
- Posts
- 4,218
PURCHASE, N.Y.--(BUSINESS WIRE)--Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq:AAWW - News), a leading provider of global air cargo assets and outsourced aircraft operating services, announced today that Boeing (NYSE:BA - News) has selected Atlas Air to provide key supply-chain support for the production of Boeing’s all-new commercial jetliner, the 787 Dreamliner.
Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.
The parties have structured the nine-year agreement in a manner consistent with the outsourcing business model under which Atlas Air typically operates. Under that model, Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.
“Atlas Air is very excited to partner with Boeing as it ushers in a new era in air travel with the first all-new jet airplane of the 21st century,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide Holdings, Inc. “We look forward to working closely with Boeing and to providing world-class Dreamlifter service.
“Our dynamic customer solutions and our ability to integrate with our customers’ operations set us apart from other participants in the aircraft operating solutions market. We believe that our global scope and scale, high-quality service and reliability, cost-effective operations, and premium customer service create a compelling value proposition for our customers.”
Mr. Flynn added: “We are well positioned to execute on our growth initiatives and to drive future revenues and earnings. In addition to the expected start-ups of our new CMI service for Boeing in the second half of this year and for SonAir in the second quarter, we are focused on introducing our new Boeing 747-8 freighters into service in 2011 and on adjacent dry leasing opportunities in our Titan subsidiary.
“When fully implemented, we expect that the annual contribution per aircraft from our Dreamlifter service will meet or exceed the current average contribution that we achieve in our 747-400 ACMI service.”
Beginning toward the latter part of 2010, Atlas Air will operate Boeing’s Dreamlifter fleet of four 747-400 aircraft that have been modified to transport major assemblies for the 787 Dreamliner from suppliers around the world to Boeing production facilities in the United States.
The parties have structured the nine-year agreement in a manner consistent with the outsourcing business model under which Atlas Air typically operates. Under that model, Atlas Air will receive contractually determined revenues for the operation of the Dreamlifter aircraft, with Boeing assuming responsibility for certain direct costs, including fuel. Under the CMI arrangement, Boeing will provide and maintain ownership of the aircraft assets.
“Atlas Air is very excited to partner with Boeing as it ushers in a new era in air travel with the first all-new jet airplane of the 21st century,” said William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide Holdings, Inc. “We look forward to working closely with Boeing and to providing world-class Dreamlifter service.
“Our dynamic customer solutions and our ability to integrate with our customers’ operations set us apart from other participants in the aircraft operating solutions market. We believe that our global scope and scale, high-quality service and reliability, cost-effective operations, and premium customer service create a compelling value proposition for our customers.”
Mr. Flynn added: “We are well positioned to execute on our growth initiatives and to drive future revenues and earnings. In addition to the expected start-ups of our new CMI service for Boeing in the second half of this year and for SonAir in the second quarter, we are focused on introducing our new Boeing 747-8 freighters into service in 2011 and on adjacent dry leasing opportunities in our Titan subsidiary.
“When fully implemented, we expect that the annual contribution per aircraft from our Dreamlifter service will meet or exceed the current average contribution that we achieve in our 747-400 ACMI service.”
propsarebest
Well-known member
- Joined
- Sep 24, 2004
- Posts
- 1,559
All Atlas guys/gals-
Best of luck with the Dreamlifter program. You are getting a mature program, and you're welcome for that.
The airplanes are a mix of 747/737NG/757/767 and 777 parts, along with a few maytag dishwasher parts too.
Do not expect Boeing to hold to any kind of schedule. They are known for delaying the departure because the "part" isn't ready right at the last minute.
Good luck.
Best of luck with the Dreamlifter program. You are getting a mature program, and you're welcome for that.
The airplanes are a mix of 747/737NG/757/767 and 777 parts, along with a few maytag dishwasher parts too.
Do not expect Boeing to hold to any kind of schedule. They are known for delaying the departure because the "part" isn't ready right at the last minute.
Good luck.
big pimpn'
Well-known member
- Joined
- Oct 26, 2005
- Posts
- 274
well, to answer my question, I made over 6k today off AAWW long calls and bull put spreads after the Boeing Dreamlifter news came out!...The stock rallied from 45 in change and soared to 49.10 at close and holding strong in after hours...Hopefully tomorrow will have more volume and the stock will continue to go up. Verry interesting day for AAWW!
Share this page
Latest resources
-
-
-
-
-
AC 90-89C - Amateur-Built Aircraft and Ultralight Flight Testing HandbookAmateur-Built Aircraft and Ultralight Flight Testing Handbook
- Neal
- Updated:
