Atlas Air Worldwide adds Air Atlanta
The deal gives the J.F. Lehman-backed platform access to a fleet of 14 freighters and four passenger aircraft while Air Atlanta's management retains majority control.
Takeaways
- Air Atlanta is a provider of ACMI and aircraft management services.
- Atlas Air Worldwide is acquiring Air Atlanta with backing from J.F. Lehman &.
- The business serves aviation logistics.
Atlas Air Worldwide, backed by J.F. Lehman & Company, has acquired a 49% minority stake in Air Atlanta, a global provider of ACMI and aircraft management services.
Air Atlanta operates a fleet of 14 widebody freighters, including Boeing 747 and 777 aircraft, and four passenger 777 aircraft.
The Air Atlanta management team retains a 51% controlling interest and will continue to lead the business under its existing structure.
Through its Titan Aviation Holdings subsidiary, Atlas also purchased the aircraft owned by the Air Atlanta group and will lease them back to the airline companies.
"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.
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