Benzinga | Aug 31, 2021 10:52AM EDT

Atlas Air, Sharp Technics K Partner For MRO Facility At Incheon International Airport

* Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) subsidiary Atlas Air, Inc. has signed a Memorandum of Agreement to enter into a joint venture with Sharp Technics K to develop a maintenance, repair, and overhaul (MRO) facility at Incheon International Airport (ICN) in South Korea.

* Sharp Technics K is a provider of heavy maintenance services for wide-body aircraft.

* The maintenance facility is expected to open in 2025.

* The facility at Incheon Airport will accommodate multiple wide-body aircraft simultaneously.

* Price Action: AAWW shares are trading lower by 0.19% at $73.34 on the last check Tuesday.