allaboutthegirt

Is this Atlas pilot's flying or is it being outsourced?


PURCHASE, N.Y.--(BUSINESS WIRE)--Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW - News), a leading global provider of air cargo assets and outsourced aircraft operating solutions, today confirmed that its 49%-owned UK subsidiary, Global Supply Systems Limited (GSS), has signed a five-year wet leasing agreement with British Airways Plc to operate three next-generation Boeing 747-8 freighters on behalf of British Airways starting in 2011.

Under this long-term aircraft, crew, maintenance and insurance (ACMI) outsourcing contract, GSS will provide a turnkey solution for British Airways’ cargo division, British Airways World Cargo (BAWC). GSS will lease the 747-8F aircraft that it will operate for BAWC from AAWW’s Atlas Air unit, which expects to take delivery of the aircraft from Boeing in early 2011.

Atlas Air Worldwide Holdings is the only provider of outsourced aviation solutions to offer customers the new 747-8F aircraft, which is expected to deliver market-leading performance in terms of payload, fuel efficiency, total cost per tonne-mile and environmental compliance.

Twin Wasp

It's outsourced. Atlas' holding company owns Atlas and Polar and a leasing company plus the 49% of GSS. GSS is a British company with G registered aircraft

allaboutthegirt

How many 800's are going to Atlas and how many to GSS? What are GSS payscales? I would assume that the payscale at GSS are less than Atlas.

Beagle_Lover

12 on order with options up to 14. So at this point Atlas is getting 9 and GSS 3

GIANT PILOT

And we also get back the three -400's that we have leased to GSS.

Flightmech

Thats what i heard. 491, 494 and 495 (G-GSSA/B/C) coming back to Atlas as the -8's are delivered to BAWC/GSS