Atlas Air Worldwide Commends U.S.-EU Wet-Lease Services Agreement
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., Aug. 29, 2019 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) congratulates and thanks the United States government for its long-standing efforts to persuade the European Union to enter into a stand-alone agreement allowing U.S. air carriers to provide wet-lease, or ACMI (aircraft, crew, maintenance and insurance), services to European carriers. The U.S.-EU agreement eliminates one-sided, short-term time constraints that severely limited the ability of U.S. carriers to provide ACMI service in Europe, while European carriers were under no such restrictions in the United States. “We are extremely gratified that the United States continues to pursue policies that promote open access to the skies and broaden the marketplace for U.S. carriers,” said Chairman and Chief Executive Officer William J. Flynn. “We applaud this new arrangement between the U.S. and EU, and we look forward to the new opportunities that it will bring.” About Atlas Air Wor
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