AMERICAS: Atlas enjoys improved demand in tight market
Atlas Air Worldwide Holdings, Inc. announced strong revenues and earnings for the second quarter of 2010, driven by what it said was a continuing improvement in airfreight demand, a tight supply environment, a significant increase in commercial charter volumes and rates, and continued strength in military demand. For the three months ended 30 June, AtlasÃ¢â‚¬™ […]
September 1, 2010
Meanwhile, Atlas announced the closing of a loan with Industrial and Commercial Bank of China Limited (ICBC) which it said underscores the companyÃ¢â‚¬™s commitment to Ã¢â‚¬Å“delivering innovative, outsourced aviation solutions to customers serving China and the neighboring Asia-Pacific region, which comprise the worldÃ¢â‚¬™s largest and fastestgrowing air cargo market.Ã¢â‚¬Â Proceeds from the loan will be used to back leverage the March 2010 acquisition of a Boeing 757-200SF aircraft by AtlasÃ¢â‚¬™ subsidiary, Titan Aviation Leasing.