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Atlas Air Takes 49% Stake in Air Atlanta

peprofessional

1 month ago

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Atlas Air Worldwide, the outsourced air-cargo operator backed by J.F. Lehman & Company, has completed a strategic investment in Air Atlanta, acquiring a 49% minority equity interest while Air Atlanta’s management retains a 51% controlling stake. Through its Titan Aviation Holdings unit, Atlas also bought aircraft owned by the Air Atlanta group and will lease them back. Air Atlanta provides ACMI services — supplying the aircraft, crew, maintenance, and insurance that other carriers fly under...

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