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She speaks with a chief pilot after you do the telephone Q&A. I guess they call you back for the assessment but I have no idea what the normal time frame is.
Atlas Air Worldwide to Provide CMI Service for DHL Express In North America
Purchase, NY - September 8,2011 -- Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading global provider of outsourced aircraft and aviation operating services, today said that its Atlas Air, Inc. unit has been selected by DHL Express to operate five B767 freighters owned by DHL in its North American network starting in 2012.
The agreement with DHL Express enhances Atlas Air’s commitment to grow its non-asset-intensive CMI (Crew, Maintenance and Insurance) service solution, which was launched in 2010. The Company expects CMI to be a strategic driver of increased Company revenues and earnings and improved business mix over the next few years and beyond.
The agreement also highlights Atlas Air’s further expansion into a new, attractive gauge of aircraft, the B767, which is expected to be an important part of the Company’s fleet strategy going forward. Atlas Air’s new B767 freighter and military-passenger operation complements its market-leading B747 freighter and passenger operation.
“We are very pleased to grow our CMI operations and to expand our long-term relationship with DHL Express,” said William J. Flynn, President and Chief Executive Officer. “Since October 2008, we have provided time-definite, B747-400 freighter network service to DHL through our Polar Air Cargo Worldwide, Inc. subsidiary, primarily in the trans-Pacific trade lanes. Now we are capitalizing on our technical expertise and deep industry knowledge to initiate domestic B767 service for DHL and broaden our opportunities in aviation outsourcing.
“Both the quality and reliability of our value-added, outsourcing services enable us to serve DHL Express and our other customers as an extension of their operations and an integral part of their networks. With the global scope and scale of our operations, we are ready to help DHL grow its business and deliver on its promise of time-definite service.”
Atlas Air’s CMI service for DHL is expected to begin with one aircraft in the first quarter of 2012 and to expand to five aircraft by the third quarter of 2012. Depending on routes flown, the five aircraft are expected to generate a total volume of approximately 130 to 150 block hours per aircraft per month.
Mr. Flynn added, “This new award is an example of the strong execution of our roadmap for the future. We are driving revenue and increasing efficiencies as we grow our fleet with next-generation 747-8Fs, expand our non-asset-intensive CMI business, and implement other initiatives that will add significant value to a platform that already benefits from our industry-leading market position, global business focus, and our innovative, value-added customer solutions.”
It would be nice to have a schedule!