Atlas Air Selected to Train Air Force One (VC-25) and E4-B Flight Crews at Its State-of-the-Art Training Facilities

Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo assets and services, today announced that the U.S. Air Force will be extending its contract with Atlas Air, Inc. for the flight training of Air Force pilots and flight engineers who fly the VC-25, also known as Air Force One, and the E-4B National Airborne Operations Center through 2010. Atlas Air has been the incumbent sole source provider of this training to the Air Force One since 2007.

"Atlas Air is very pleased to continue providing training for the Air Force's 747 aircrews who support our national command authorities, performing flight duties around the globe. We are very proud to play a role in this mission-critical effort," said William J. Flynn, President & CEO of Atlas Air Worldwide Holdings, Inc.

This year, the entire pilot and flight engineer crew force of the Presidential Airlift Group (PAG) and the E-4B National Airborne Operations Center will update and enhance their Boeing 747 skills at Atlas' state-of-the-art facility in Miami, Florida. These dedicated aviators receive the most up-to-date systems and safety training from an experienced and highly qualified cadre of flight instructors. Atlas instructors provide tailored training to crew members to help ensure mission success.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing Limited (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW operates the world's largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of air cargo services that include ACMI aircraft leasing -- in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis -- express network and scheduled air cargo service, military charters, commercial cargo charters, and dry leasing of aircraft and engines.

AAWW's press releases, SEC filings and other information can be accessed through the Company's home page, www.atlasair.com.

SOURCE: Atlas Air Worldwide Holdings, Inc.

Atlas Air Worldwide Holdings, Inc. 
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