Atlas Air Worldwide has completed its acquisition of a 49% minority equity stake in Iceland-headquartered ACMI and aircraft management services provider Air Atlanta.
The transaction, first announced in May 2026, also sees Atlas Air Worldwide subsidiary Titan Aviation Holdings acquire aircraft owned by the Air Atlanta group of companies.
Titan Aviation Holdings has entered into a long-term leasing agreement with Air Atlanta, which will continue to operate the aircraft.
Atlas Air Worldwide said the strategic partnership expands its global operating platform and enhances access to widebody capacity across key international markets.
Air Atlanta operates a fleet of 14 widebody freighters, including Boeing 747 and 777 aircraft, alongside four 777 passenger aircraft. The company has operating platforms in Iceland and Malta.
Michael Steen, chief executive of Atlas Air Worldwide, said: “This milestone reflects our shared commitment to delivering exceptional service to customers and supporting the long-term success of both organisations.”
Baldvin M. Hermannsson, chief executive of Air Atlanta, said: “This strategic relationship marks an exciting new chapter for Air Atlanta.
“Together with Atlas, we are well positioned to build on our complementary strengths and expand opportunities and enhance value for our customers.”
Barclays and Morgan Stanley & Co. LLC served as financial advisors to Atlas Air Worldwide, while Norton Rose Fulbright LLP acted as legal counsel.
