Atlas / Southern
11-04-2020, 09:58 AM
#2452
On Reserve
Joined APC: Sep 2018
Posts: 13
Any best POC for 737 recruiting (i.e. a general HR email for recruiting or a reps)? Do you happen to know an estimated number of newhires wanted per month for the next few months for the 737? Thx
11-05-2020, 05:53 AM
#2455
Gets Weekends Off
Joined APC: Jul 2008
Posts: 608
Atlas Air beats Q3 estimates on strong demand for air cargo
Atlas Air (NASDQ: AAWW) reported Thursday that third quarter net income grew $14 million to $74.1 million, with adjusted pre-tax earnings, earnings per share and revenue all above analysts estimates driven by the macro trend of strong demand for air cargo.
The Purchase, N.Y., all-cargo carrier said total revenue grew 25% to $810 million, compared to the consensus estimate of $797.2 million. Adjusted earnings before interest, taxes, depreciation and amortization were $196.3 million, compared to Wall Street’s expectation of $177 million. Earnings per share of $2.84 beat the Street by 38 cents per share.
The better than expected results were primarily powered by stronger yields and more block hours in long-term outsourced flying and cargo charters.
SOURCE: Freight Waves
Atlas Air (NASDQ: AAWW) reported Thursday that third quarter net income grew $14 million to $74.1 million, with adjusted pre-tax earnings, earnings per share and revenue all above analysts estimates driven by the macro trend of strong demand for air cargo.
The Purchase, N.Y., all-cargo carrier said total revenue grew 25% to $810 million, compared to the consensus estimate of $797.2 million. Adjusted earnings before interest, taxes, depreciation and amortization were $196.3 million, compared to Wall Street’s expectation of $177 million. Earnings per share of $2.84 beat the Street by 38 cents per share.
The better than expected results were primarily powered by stronger yields and more block hours in long-term outsourced flying and cargo charters.
SOURCE: Freight Waves
11-05-2020, 05:58 AM
#2456
Gets Weekends Off
Joined APC: Jul 2008
Posts: 608
Atlas Air Worldwide and Titan Aviation Holdings Announce Financing Facilities with CDPQ, BNP Paribas, and volofin
PURCHASE, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that Titan Aircraft Investments Ltd., a joint venture of its Titan Aviation Holdings, Inc. subsidiary and Bain Capital Credit, has entered into a US$300 million warehouse financing agreement with a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, and BNP Paribas as joint lead arrangers and lenders. Titan Aircraft Investments has also separately entered into a US$200 million bridge financing agreement with volofin Capital Management being the sole lender and arranger.
The warehouse facility will provide debt capital to finance the acquisition of freighter aircraft leases by Titan Aircraft Investments and the bridge facility will provide debt capital to finance the conversion of passenger aircraft into freighter configuration.
“We are excited to partner with CDPQ, BNP Paribas, and volofin on these key financing facilities,” said Michael T. Steen, President and Chief Executive Officer of Titan Aviation Holdings and Executive Vice President and Chief Commercial Officer of Atlas Air Worldwide. “These facilities will enable Titan Aircraft Investments to serve the strong market demand for freighters and airfreight capacity, supported by the rapid expansion of express and e-commerce networks worldwide.”
“By partnering with best-in-class air cargo solutions provider, Titan Aviation, as well as leading aviation lender, BNP Paribas, and investor, Bain Capital Credit, we have the opportunity to leverage our deep knowledge of the evolving transportation and global ecommerce sectors with our capacity to craft innovative financing structures,” said Martin Laguerre, Managing Director, Capital Solutions, CDPQ. “This investment is well aligned with our Capital Solutions strategy to create tailored solutions backed by high-quality assets in great demand by strong counterparties, such as global freight aircraft lessors, and to achieve attractive risk-adjusted returns.”
“It has been great to work with the Atlas and Titan teams on this project,” added Stewart Tanner, Senior Managing Director, volofin Capital Management. “volofin has used its extensive market knowledge and experience to create a bespoke and innovative structure to allow Titan the flexibility it needs within the bridge facility to both acquire and convert in-demand aircraft.”
Titan Aviation Holdings and Bain Capital Credit formed the joint venture in December 2019 to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately US$1 billion. The long-term joint venture aims to capitalize on demand for cargo aircraft, underpinned by robust e-commerce and express market growth. Under the joint venture, Bain and Titan have committed to collectively provide US$400 million of equity capital to acquire aircraft over the next several years, which may be supplemented with additional commitments over time. Titan is also providing aircraft- and lease-management services to the venture.
The air cargo industry plays a very important role in the global economy, fueled by accelerated demand for e-commerce and express services. Titan Aircraft Investments is well-positioned to contribute to the growth of the global freighter fleet
SOURCE: Globe NewsWire
PURCHASE, N.Y., Nov. 05, 2020 (GLOBE NEWSWIRE) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that Titan Aircraft Investments Ltd., a joint venture of its Titan Aviation Holdings, Inc. subsidiary and Bain Capital Credit, has entered into a US$300 million warehouse financing agreement with a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, and BNP Paribas as joint lead arrangers and lenders. Titan Aircraft Investments has also separately entered into a US$200 million bridge financing agreement with volofin Capital Management being the sole lender and arranger.
The warehouse facility will provide debt capital to finance the acquisition of freighter aircraft leases by Titan Aircraft Investments and the bridge facility will provide debt capital to finance the conversion of passenger aircraft into freighter configuration.
“We are excited to partner with CDPQ, BNP Paribas, and volofin on these key financing facilities,” said Michael T. Steen, President and Chief Executive Officer of Titan Aviation Holdings and Executive Vice President and Chief Commercial Officer of Atlas Air Worldwide. “These facilities will enable Titan Aircraft Investments to serve the strong market demand for freighters and airfreight capacity, supported by the rapid expansion of express and e-commerce networks worldwide.”
“By partnering with best-in-class air cargo solutions provider, Titan Aviation, as well as leading aviation lender, BNP Paribas, and investor, Bain Capital Credit, we have the opportunity to leverage our deep knowledge of the evolving transportation and global ecommerce sectors with our capacity to craft innovative financing structures,” said Martin Laguerre, Managing Director, Capital Solutions, CDPQ. “This investment is well aligned with our Capital Solutions strategy to create tailored solutions backed by high-quality assets in great demand by strong counterparties, such as global freight aircraft lessors, and to achieve attractive risk-adjusted returns.”
“It has been great to work with the Atlas and Titan teams on this project,” added Stewart Tanner, Senior Managing Director, volofin Capital Management. “volofin has used its extensive market knowledge and experience to create a bespoke and innovative structure to allow Titan the flexibility it needs within the bridge facility to both acquire and convert in-demand aircraft.”
Titan Aviation Holdings and Bain Capital Credit formed the joint venture in December 2019 to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately US$1 billion. The long-term joint venture aims to capitalize on demand for cargo aircraft, underpinned by robust e-commerce and express market growth. Under the joint venture, Bain and Titan have committed to collectively provide US$400 million of equity capital to acquire aircraft over the next several years, which may be supplemented with additional commitments over time. Titan is also providing aircraft- and lease-management services to the venture.
The air cargo industry plays a very important role in the global economy, fueled by accelerated demand for e-commerce and express services. Titan Aircraft Investments is well-positioned to contribute to the growth of the global freighter fleet
SOURCE: Globe NewsWire
11-05-2020, 06:46 AM
#2457
Gets Weekends Off
Joined APC: Jan 2009
Posts: 212
10 747-400s (1993-2003) 6 777-200 (1996-1998) and 6 777-300 (1998-2000) hitting the market.
https://simpleflying.com/thai-airway...aircraft-sale/
Sent from my SM-N950U using Tapatalk
https://simpleflying.com/thai-airway...aircraft-sale/
Sent from my SM-N950U using Tapatalk
11-05-2020, 10:26 AM
#2458
Gets Weekends Off
Thread Starter
Joined APC: Apr 2016
Posts: 698
10 747-400s (1993-2003) 6 777-200 (1996-1998) and 6 777-300 (1998-2000) hitting the market.
https://simpleflying.com/thai-airway...aircraft-sale/
Sent from my SM-N950U using Tapatalk
https://simpleflying.com/thai-airway...aircraft-sale/
Sent from my SM-N950U using Tapatalk
11-05-2020, 10:46 AM
#2459
Gets Weekends Off
Joined APC: Jun 2019
Position: B747 FO
Posts: 1,228
With the volume of apps, standard application with an internal recommendation seems like the only possible way. Probably more than one recommendation.
Average class has 8 pilots maybe? 7 in my class.
11-05-2020, 11:03 AM
#2460
Polyester Pilot
Joined APC: Mar 2011
Position: 777 CA
Posts: 513
Atlas Air beats Q3 estimates on strong demand for air cargo
Atlas Air (NASDQ: AAWW) reported Thursday that third quarter net income grew $14 million to $74.1 million, with adjusted pre-tax earnings, earnings per share and revenue all above analysts estimates driven by the macro trend of strong demand for air cargo.
The Purchase, N.Y., all-cargo carrier said total revenue grew 25% to $810 million, compared to the consensus estimate of $797.2 million. Adjusted earnings before interest, taxes, depreciation and amortization were $196.3 million, compared to Wall Street’s expectation of $177 million. Earnings per share of $2.84 beat the Street by 38 cents per share.
The better than expected results were primarily powered by stronger yields and more block hours in long-term outsourced flying and cargo charters.
SOURCE: Freight Waves
Atlas Air (NASDQ: AAWW) reported Thursday that third quarter net income grew $14 million to $74.1 million, with adjusted pre-tax earnings, earnings per share and revenue all above analysts estimates driven by the macro trend of strong demand for air cargo.
The Purchase, N.Y., all-cargo carrier said total revenue grew 25% to $810 million, compared to the consensus estimate of $797.2 million. Adjusted earnings before interest, taxes, depreciation and amortization were $196.3 million, compared to Wall Street’s expectation of $177 million. Earnings per share of $2.84 beat the Street by 38 cents per share.
The better than expected results were primarily powered by stronger yields and more block hours in long-term outsourced flying and cargo charters.
SOURCE: Freight Waves
Thread
Thread Starter
Forum
Replies
Last Post
