Atlas Air Worldwide, which has been headquartered in Purchase at 2000 Westchester Ave., plans a move to new space at 1 N. Lexington Ave. in White Plains. Atlas plans to occupy 60,000 square feet in the new facility.
The company said it will invest $4 million in tenant improvements such as new equipment, information technology and security. New York’s Empire State Development has approved a $2 million capital grant to help Atlas pay for the new facility. The grant is contingent on Atlas keeping its current 400 headquarters employees for a period of at least five years.
“I am pleased that Atlas will continue operation of its headquarters here in New York, which will support good paying local jobs and boost the economy,” U.S. Senate Majority Leader Chuck Schumer said. “Atlas’ ongoing commitment to the Hudson Valley will help our region continue to soar as home to one of the largest cargo carriers in the world.”
Atlas said it planned to make the move this coming January. Atlas Air Worldwide is the parent company of Atlas Air Inc., and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. The companies operate the world’s largest fleet of Boeing 747 cargo aircraft. they also provide customers with Boeing 747 777, 767 and 737 aircraft that are used for regional, national and international cargo and passenger operations.
Michael Steen, CEO of Atlas Air Worldwide, said that continuing to maintain its headquarters in New York gives it ongoing access to top talent.
“New York has served Atlas and our employees well,” Steen said. “We are thankful to Sen. Schumer and Empire State Development for working with us through this process and their commitment to our relationship.”
In addition to having its headquarters in Westchester, the company maintains a facility at Kennedy Airport where it has 265 on the payroll. It has a number of logistics centers around the world in addition to facilities in Kentucky, Florida, Alaska and Hong Kong.
In a Securities and Exchange Commission filing for 2022, Atlas Air Worldwide reported revenues of $4.5 billion and net income of $355.9 million.
