Air, Freight News

Consortium to buy Atlas Air

[ August 8, 2022   //   ]

An investor group  led by Apollo Global Management,  JF Lehman and Hill City Capital are to buy freighter operator Atlas Air Worldwide for about $5.2 billion. The US-based company operates a fleet of 747s, 777s, 767s, and 737s and offers a range of aircraft leasing services.

On completion of the transaction, Atlas Air Worldwide will become a privately held company and will no longer be listed on the Nasdaq stock exchange but will continue operating under the Atlas Air Worldwide name, led by John Dietrich and the current executive team.

John Dietrich said: “Following the closing of the sale to the Consortium, we will seek to leverage their resources, relationships and industry expertise to build on our strong financial and operational performance. Their investment in our company demonstrates their confidence in our people and our culture as we serve the growing needs of the global supply chain.”