ATLAS AIR and DHL Express will disband their Polar Air Cargo joint venture after 18 years, reports New York's FreightWaves.
atlas will continue to provide air transport service for its long-time commercial partner under traditional vendor arrangements.
Atlas Air is the world's largest operator of Boeing 747 freighter aircraft. The decision to exit the Polar Air Cargo venture is consistent with Atlas Air's new strategic focus of diversifying its customer base and concentrating on high-margin, long-haul flying.
'As we considered the evolution of our respective companies, Atlas and DHL have mutually decided that the joint venture no longer aligns with the direction of either company's aims. This decision is very much a part of our continued transformation and is in full alignment with our One Atlas Strategy,' Atlas said.
Polar Air Cargo is a provider of scheduled express service and Atlas Air operates the aircraft. Most of the space is reserved for DHL, which determines the flight network. Atlas markets the rest of the capacity to freight forwarders.
New York-based Atlas Air said some operations and staff will transfer to Atlas and the others to DHL. Atlas will continue to hold Polar's air operating certificate. No timetable for Polar's shutdown was given, but flight tracking site Flightradar24 and other databases list no aircraft in Polar's fleet and no recent flight activity.
Last summer, Atlas Air and Amazon ended their relationship under which Atlas provided crews for eight Boeing 737-800 narrowbody converted freighters and 17 Boeing 767-300 medium widebodies.
Amazon placed the 767s with ABX Air and is in the process of transferring the 737-800s to existing partner Sun Country Airlines.
Atlas Air CEO Michael Steen said in an interview last year that Atlas Air would reallocate resources to intercontinental operations, where the potential for profits is greater.
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atlas will continue to provide air transport service for its long-time commercial partner under traditional vendor arrangements.
Atlas Air is the world's largest operator of Boeing 747 freighter aircraft. The decision to exit the Polar Air Cargo venture is consistent with Atlas Air's new strategic focus of diversifying its customer base and concentrating on high-margin, long-haul flying.
'As we considered the evolution of our respective companies, Atlas and DHL have mutually decided that the joint venture no longer aligns with the direction of either company's aims. This decision is very much a part of our continued transformation and is in full alignment with our One Atlas Strategy,' Atlas said.
Polar Air Cargo is a provider of scheduled express service and Atlas Air operates the aircraft. Most of the space is reserved for DHL, which determines the flight network. Atlas markets the rest of the capacity to freight forwarders.
New York-based Atlas Air said some operations and staff will transfer to Atlas and the others to DHL. Atlas will continue to hold Polar's air operating certificate. No timetable for Polar's shutdown was given, but flight tracking site Flightradar24 and other databases list no aircraft in Polar's fleet and no recent flight activity.
Last summer, Atlas Air and Amazon ended their relationship under which Atlas provided crews for eight Boeing 737-800 narrowbody converted freighters and 17 Boeing 767-300 medium widebodies.
Amazon placed the 767s with ABX Air and is in the process of transferring the 737-800s to existing partner Sun Country Airlines.
Atlas Air CEO Michael Steen said in an interview last year that Atlas Air would reallocate resources to intercontinental operations, where the potential for profits is greater.
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