Atlas Air Worldwide Holdings; Inc. (AAWW) is principally involved in the airport-to-airport air transportation of heavy freight cargo through its two operating subsidiary airlines; Atlas Air; Inc. (Atlas) and Polar Air Cargo; Inc. (Polar). The Company; with a fleet of 41 Boeing 747 aircraft; provides four specific services types:ACMI leasing; global scheduled service; commercial charter services; and U.S. military charter services. During the early 1990s; Michael Chowdry; the founder of Atlas Air; Inc. (AAWWs predecessor); observed that passenger airlines were losing money and parking aircraft; while the limited number of high-gross-weight; long-haul cargo aircraft were all being actively utilized.
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