Benzinga | Nov 30, 2021 04:47PM EST

Atlas Air Announces Long-Term Extension Of Agreement With DB Schenker

Atlas Air, Inc., a subsidiary of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW), announced an extension of its partnership with Schenker Flight Services GmbH (DB Schenker), one of the world's largest integrated logistics service providers, to provide transpacific service.

Atlas Air's 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 Schenker's confidence in Atlas Air's ability to deliver their cargo safely and efficiently as we support their network across the Pacific and around the world."

Bj?rn 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.