Press Release: Atlas Air Worldwide Completes Strategic Investment in Air Atlanta
Dow Jones08-03
NEW YORK, Aug. 3, 2026 /PRNewswire/ -- Atlas Air Worldwide ("Atlas"),
the world's leader in outsourced aviation logistics and a portfolio
company of investment affiliates of J.F. Lehman & Company ("JFLCO"), is
pleased to announce the completion of its strategic investment in Air
Atlanta, a leading global provider of aircraft, crew, maintenance and
insurance ("ACMI") and aircraft management services.
Atlas has acquired a 49% minority equity interest in Air Atlanta,
establishing a strategic partnership that expands Atlas' global
operating platform and enhances its access to widebody capacity in key
international markets. Air Atlanta will continue to operate under its
existing leadership team and operating structure, with the continuing
Air Atlanta management team retaining a 51% controlling interest in the
airline operating companies.
Atlas, through its Titan Aviation Holdings subsidiary, has also acquired
the aircraft owned by the Air Atlanta group of companies and will lease
the aircraft back to the Air Atlanta airline companies for continued
operation. Air Atlanta currently operates a fleet of 14 widebody
freighters, including Boeing 747 and 777 aircraft, as well as four
passenger 777 aircraft.
"We are pleased to complete our previously announced strategic
investment in Air Atlanta and welcome the Air Atlanta team as a valued
partner," said Michael Steen, Chief Executive Officer. "This milestone
reflects our shared commitment to delivering exceptional service to
customers and supporting the long-term success of both organizations."
Alex Harman, a Director of Atlas and Managing Partner at JFLCO, added,
"This strategic partnership brings together two highly regarded
operators with complementary capabilities and represents another
meaningful step in Atlas' disciplined growth strategy. We are excited to
support the Air Atlanta team as we build upon that foundation and pursue
the significant opportunities ahead."
About Atlas
Atlas Air Worldwide $(AAWW)$ is the world's leader in outsourced aviation
logistics. AAWW is the parent company of its principal operating
subsidiary, Atlas Air, Inc., and several affiliates related to Titan's
dry leasing services, and Polar Air Cargo Worldwide, Inc. With
approximately 5,000 employees, the AAWW companies serve a diversified
customer roster across the global supply chain in more than 300
destinations in 90+ countries. Together, they operate the world's
largest fleet of 747 freighter aircraft and provide customers the
broadest array of Boeing 747, 777, 767 and Airbus A350F (coming in 2029)
freighters.
To learn more, visit www.atlasairworldwide.com.
About J.F. Lehman & Company, Inc.
Founded in 1992, J.F. Lehman & Company focuses exclusively on investing
in the aerospace, defense, government, maritime, environmental and
infrastructure industries. The firm has over $9 billion in AUM across
its private equity and credit strategies and offices in New York and
Washington, D.C.
www.jflpartners.com
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SOURCE J.F. Lehman & Company
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