GlobeNewswire Inc | Nov 30, 2021 08:00AM EST

November 30, 2021

PURCHASE, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) -- Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), announcedan extension of its partnership with Schenker Flight Services GmbH (DB Schenker),one of the worlds largest integrated logistics service providers, to provide transpacific service.

Atlas Airs relationship with DB Schenker includes supporting its global network by providing charter capacity service. The new arrangement builds on an agreement Atlas Air reached with DB Schenker in 2020, and extends the dedicated capacity, which Atlas Air provides on multiple flights every week.

We are excited to strengthen our partnership with DB Schenker through this long-term, extended agreement to provide critical capacity for our valued customer, said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.We appreciate DB Schenkers confidence in Atlas Airs ability to deliver their cargo safely and efficiently as we support their network across the Pacific and around the world.

Bjrn Eckbauer, Senior Vice President, Global Operations and Procurement Airfreight for DB Schenker, said the flights Atlas Air provides have become an essential part of their global flight network.We are excited to extend our current partnership with Atlas Air on our transpacific charter operations.The timely and reliable operation of Atlas Air fits perfectly into our commitment to provide our customers a reliable service for air transportation in their supply chain, Mr. Eckbauer said.

About Atlas Air Worldwide:

Atlas Air Worldwide isa leading global provider of outsourced aircraft and aviation operating services. It isthe parent company of Atlas Air, Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the worlds largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Atlas Air Worldwides press releases, SEC filings and other information may be accessed through the companys home page,www.atlasairworldwide.com.

Contacts: Investors InvestorRelations@atlasair.com Media CorpCommunications@atlasair.com