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AAWW - Atlas Air Worldwide Holdings Inc News Story

$73.3 -0.7  -1.0%

Last Trade - 10/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £1.51bn
Enterprise Value £2.63bn
Revenue £2.43bn
Position in Universe 2158th / 6853

Atlas Air Partners with Fuel Supplier on Sustainable Aviation Fuel Test Flight from Spain’s Zaragoza Airport

Wed 23rd December, 2020 7:30pm
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PURCHASE, N.Y., Dec. 23, 2020 (GLOBE NEWSWIRE) -- Atlas Air Worldwide
Holdings, Inc. (Nasdaq: AAWW), a leading global provider of outsourced
aircraft and aviation operating services, has announced the completion of a
transoceanic sustainable aviation fuel (SAF) test flight that originated at
Spain’s Zaragoza Airport.

Atlas Air Flight 562 was powered by a blend of fuel containing 2.33% SAF
sourced from fresh vegetable oil. The Boeing 747-400F left Zaragoza on Monday,
December 21 and arrived in Mexico City. This is believed to be the first
transoceanic commercial cargo flight in Spain to include a blend of SAF and
Jet A-1 fuel. Using life cycle analysis, SAF has been shown to reduce carbon
emissions by up to 80%. The flight’s cargo included a shipment of goods from
an Atlas customer.

“Innovative sustainable aviation fuel test projects demonstrate our ability
to partner with our customers and suppliers to help create a more sustainable
future for the air cargo industry and global commerce,” said John W.
Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.
“Through ongoing meaningful partnerships, we will drive wider acceptance and
availability of SAF, which will lower costs and have a positive impact on our
industry and the environment.”

The blend of fuel was transported from Madrid to Zaragoza. Atlas Air partnered
with Exolum, a subsidiary of CLH Group, and utilized its Avikor platform to
implement the trial. Given the adaptable nature of SAF, no additional
adjustments to fuel or engine components were necessary. The final blend was
certified according to DEF STAND 91/091, with the SAF component certified for
sustainability in accordance with International Sustainability & Carbon
Certification (ISCC) guidelines.

“One of the main targets of Avikor is to promote universally a more
sustainable way to fly, offering both individuals and enterprises the
possibility of using sustainable aircraft fuel, which reduces fuel emissions
during flights and helps to improve our planet responsibly, without
sacrificing the convenience of flying,” said Andrés Suarez, Global Strategy
& Innovation Lead of Grupo CLH and CEO of Exolum.

In line with industry guidelines and best practices, Atlas is deeply committed
to environmental stewardship through the reduction of aircraft emissions and
resource consumption. Atlas has promoted sustainability by continuously
driving operational efficiency and recognizes that the development of
sustainable aviation fuels must be accelerated if the industry is going to
meet its long-term environmental goals. Atlas is working with partners across
the globe to ensure the safety and environmental benefits of SAF and to
further its commercial viability.

About Atlas Air Worldwide

Atlas Air Worldwide is a leading global provider of outsourced aircraft and
aviation operating services. It is the parent company of Atlas Air, Inc.,
Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the
majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate
the world’s largest fleet of 747 freighter aircraft and provide customers
the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic,
regional and international cargo and passenger operations.

Atlas Air Worldwide’s press releases, SEC filings and other information may
be accessed through the company’s home page, www.atlasairworldwide.com.

About Exolum and Avikor

Exolum is the subsidiary of the CLH Group focused exclusively on identifying
and developing new business opportunities aimed at strengthening the Group's
commitment to innovation, entrepreneurship, decarbonisation and circular
economy.

Avikor, is the Exolum platform which provides SAF, a sustainable fuel
alternative at the service of aviation, clean and, above all, responsible with
the environment: www.avikor.com.

Contacts:         
Investors –InvestorRelations@atlasair.com 
 Media – CorpCommunications@atlasair.com

(https://www.globenewswire.com/NewsRoom/AttachmentNg/207044c8-527d-4144-bb84-e0da24be86e7)



GlobeNewswire, Inc. 2020
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