Atlas Air Worldwide Announces Strategic Investment in Air Atlanta
10 Articles
10 Articles
The Toronto Star
Atlas Air Worldwide Announces Strategic Investment in Air Atlanta
NEW YORK and KÓPAVOGUR, Iceland, May 28, 2026 (GLOBE NEWSWIRE) -- Atlas Air Worldwide (“Atlas”) today announced it has signed a Share Purchase Agreement to acquire a 49% minority equity
Atlas takes stake in Air Atlanta
Atlas Air Worldwide (Atlas) has signed a share purchase agreement to acquire a 49% minority stake in Air Atlanta, the Iceland-based global provider of ACMI and aircraft management services with operating platforms in Iceland and Malta. The transaction creates a strategic partnership that expands Atlas’ global operating platform and strengthens access to wide-body capacity in key international markets. Separately, Atlas, through its Titan Aviatio…
Atlanta Airlines CEO and new Chairman of the Board, Baldvin Már Hermannsson, says the world's largest cargo airline's purchase of a 49 percent stake gives Atlanta increased international clout. The company will remain headquartered in Iceland and majority-owned by the company's management.
US's Atlas Air acquires 49% of Iceland's Air Atlanta
Atlas Air Worldwide Holdings, parent company of Atlas Air, has signed an agreement to acquire a 49% stake in Air Atlanta Icelandic (CC, Reykjavik Keflavik). The transaction also includes the Maltese subsidiary of Air Atlanta and the carrier's fleet, which will be bought by Atlas' in-house lessor, Titan Aviation Holdings, and leased back to Air Atlanta. The value of the transaction has not been disclosed. "This transaction reflects Atlas’ discipl…
Baldvin M. Hermannsson, CEO of Air Atlanta, leads a group of key executives who have acquired a 51 percent stake in the airline. At the same time, the American company Atlas Air Worldwide bought 49 percent of the company. The American company acquired all the shares in two Air Atlanta investment companies that own all of the company's aircraft. The previous owners owned Air Atlanta for almost twenty years. They are Hannes Hilmarsson, Geir Valur …
Atlas expands its global ACMI footprint with Air Atlanta stake
Atlas Air Worldwide’s acquisition of a 49% stake in Icelandic ACMI operator Air Atlanta comes as private equity owner Apollo Global Management continues to evaluate strategic options for the US cargo airline, including a potential future sale. Reports emerged last year that Apollo was exploring alternatives for Atlas, which it took private in 2023, amid continued investor interest in aviation, logistics, and hard-asset businesses linked to globa…
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