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Article: War, economy keep Atlas Air hopeful after Chapter 11.
- Article from:
- Westchester County Business Journal
- Article date:
- July 26, 2004
- Author:
CopyrightCOPYRIGHT 2004 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Atlas Air Worldwide Holdings Inc. says it is confident that four years of financial turbulence are behind it and sunnier skies are ahead, now that it is on track to emerge from Chapter 11 bankruptcy by month's end.
In an interview last week, an Atlas Air spokesman said the company's four lines of business--unscheduled air cargo, scheduled air cargo, charter and shipment of military supplies--leave the company with its best prospects for growth in years.
Atlas Air spokesman Alan Caminiti said the war in Iraq will continue to prove especially helpful by creating more demand for military flights, accounting for improvements in the company's scheduled cargo ...