The founding of Atlas Air Worldwide took place in 1992 thanks to the efforts of businessman Michael A. Chowdry. In the early 90s, there was very little attention centered around freight hauling in the passenger airline industry, something which drove Chowdry into taking advantage of the opportunity to find success in the air cargo sector. As a result, Atlas Air was born. During its early days, the company began to develop by leasing aircrafts to airlines with contracts based on Aircraft, Crew, Maintenance, and Insurance (ACMI). These types of contracts are referred to as wet leasing.
The Boeing 747-200 became the first aircraft Atlas Air launched its operations with. As the company grew by leaps and bounds during the 1990s, the fleet would in time grow much larger, boasting twelve Boeing freighters. At the dawn of the 2000s, the Atlas fleet had further ballooned to a whopping forty aircrafts.
Today, Atlas Air continues to be the leading provider of outsourced aircraft and services for aviation operation.
This update is by the Robert V. Glaser Business website. Glaser is an industry veteran with decades of experience in banking, private equity, and more. His experience includes his many years working for global manager of alternative investment products Investcorp and he also dedicates his time to various charitable causes including YoungArts Foundation, Chapman Partnership, and more. You can learn more about Robert by visiting the Robert V. Glaser personal website or Robert V. Glaser Giving website.