Benzinga | Jan 6, 2022 10:41AM EST

Atlas Air Orders Four New Boeing 777 Freighters

* Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) has ordered four new Boeing Co (NYSE:BA) 777 freighters. Financial terms were not disclosed.

* The company expects the delivery of the first 777-200LRFs in November 2022, with the other three expected to be delivered throughout 2023.

* Atlas Air expects the investment to bolster its 777 fleets, which currently include 14 freighters.

* "We anticipate this transaction will drive strong earnings and cash flows and enhance shareholder value," commented CEO John W. Dietrich.

* As previously announced, the company will take delivery of four new 747-8 freighters during 2022, with the first delivery expected in May.

* Price Action: AAWW shares trading lower by 0.68% at $90.98, and BA lower by 1.04% at $210.86 on the last check Thursday.