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Atlas Air Worldwide Announces Retirement of Eugene I. Davis From the Board of Directors

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Atlas Air Worldwide Announces Retirement of Eugene I. Davis From the Board of Directors

Purchase, NY, Tuesday, May 13, 2014 --   Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that Eugene I. Davis has decided to retire from its board of directors.

“Gene has served with distinction as our Chairman for the last 10 years, a period of profound change, diversification and improvement in our company, its businesses and prospects. Atlas has become a stronger and more effective competitor during Gene's tenure and we thank him for his time and dedication,” said William J. Flynn, Chief Executive Officer.

Mr. Davis added that “I am proud of Atlas, its management and the accomplishment of our company and board over the past decade. I will continue as an interested shareholder going forward and wish my colleagues continuing success.”

Mr. Davis will retire from the board of directors at the annual shareholders meeting of the company scheduled for June 2014.

About Atlas Air Worldwide:

Atlas Air Worldwide is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Atlas Air Worldwide also maintains a 49% interest in Global Supply Systems Limited (GSS). Through Atlas and Polar, Atlas Air Worldwide operates the world's largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of outsourced aircraft and aviation operating services that include ACMI service - in which customers receive an aircraft, crew, maintenance and insurance

Proprietary and Confidential, Not for Distribution


on a long-term basis; CMI service, for customers that provide their own aircraft; express network and scheduled air cargo service; military cargo and passenger charters; commercial cargo and passenger charters; and dry leasing of aircraft and engines.

Atlas Air Worldwide's press releases, SEC filings and other information can be accessed through the Company's home page,

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Dan Loh