Atlas Air and Sharp Technics K Establish Memorandum of Agreement to Enter into a Joint Venture for Dedicated Maintenance, Repair and Overhaul Facility at Incheon International Airport
Atlas Air Worldwide Holdings (AAWW)
Last atlas air worldwide holdings earnings: 2/20 08:00 am
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Source: GlobeNewswire
PURCHASE, N.Y. and INCHEON, South Korea, Aug. 31, 2021 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) announced today that its wholly-owned subsidiary Atlas Air, Inc. has signed a Memorandum of Agreement to enter into a joint venture with Sharp Technics K to develop a dedicated maintenance, repair and overhaul (MRO) facility at Incheon International Airport (ICN) in South Korea. The maintenance facility is expected to open in 2025. Sharp Technics K President Soon-Suk Paik said his company is honored to partner with Atlas Air on this custom freighter aircraft maintenance facility. “This facility at Incheon Airport will be able to accommodate multiple wide-body aircraft at the same time, enabling the facility to contribute to the growth of airfreight and e-commerce on a global scale as ICN expands its role in the MRO aviation industry,” Mr. Paik said. John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide, said he welcomes Sharp Te
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