Purchase-headquartered Atlas Air Worldwide was honored in the Air Cargo Leadership category of the 2023 Airline Strategy Awards in London on July 16 by an independent judging panel for its market performance and leadership in serving the growing needs of the global supply chain.
“The completion of the transaction to bring Atlas into private ownership was an important milestone for the company. The transaction delivered immediate value to Atlas Air Worldwide shareholders and further positions the business to serve the growing needs of the global supply chain,” said Lewis Harper, editor of Airline Business.
Earlier this year, an investor group led by Apollo funds together with investment affiliates of J.F. Lehman & Company and Hill City Capital completed its previously announced acquisition of Atlas.
“In recent years, the Atlas leadership team has continued its diversification into areas such as express, e-commerce and passenger services, and the aircraft leasing business, alongside excelling in traditional air cargo functions,” Harper said. “Judges were hugely impressed with the company”™s story, noting that it had deployed an impressive diversification strategy, outpaced the market and taken significant share in recent years. This together with the strong ownership of Apollo, J.F. Lehman and Hill City Partners provides confidence that Atlas is on a path to future success.”
Michael Steen, CEO of Atlas Air Worldwide, accepted the award on behalf of the Atlas team.
“We are very proud to receive this prestigious award in Air Cargo Leadership, and thank Airline Business, Flight Global, Korn Ferry and the judges of the Airline Strategy Awards for recognizing Atlas. This was a very pivotal year for the company and our team, and we are very excited by the opportunities that lie ahead in partnership with our new investor group,” Steen said. “Over the past 30 years, and especially most recently as we”™ve navigated the pandemic, we have worked hard to serve the growing needs of the global supply chain, and to deliver safe and efficient service to our valued customers. I”™d like to thank our nearly 5,000 employees who are the strength of Atlas and have helped build our reputation as a world leader in global airfreight.”
