LCI TO LEASE BOEING 747-400F TO ATLAS AIR

12 July 2018

Lease Corporation International (“LCI”), the aviation division of the Libra Group, today announces that it has entered into an agreement to place a Boeing 747-400F on a long-term lease with Atlas Air Inc., a wholly owned subsidiary of Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW).

Michael Platt, Chief Executive Officer of Lease Corporation International, says: “We are delighted to be commencing this partnership with Atlas Air, and supporting their continued growth as a world-leading freight carrier.”

“LCI assessed that the proven and versatile Boeing 747 factory built freighter would continue to be a valuable and irreplaceable tool in the air cargo market, and invested in this aircraft several years ago when the type was undervalued.”

Atlas Air Worldwide is a global leader in innovative, outsourced aviation operating services, with more than 25 years of experience serving the airline, express and e-commerce, and freight industries, as well as commercial and military cargo and passenger customers.

It operates the world’s largest fleet of modern Boeing 747 all-cargo aircraft.

William J. Flynn, President and Chief Executive Officer of Atlas Air Worldwide, says: “We continue to strengthen our position as a leader in international aviation outsourcing. The 747 freighter we are leasing today from LCI will help us to further expand our customer base in key global markets and capitalize on the opportunities that we see.”

LCI’s current fleet is comprised of factory-built Boeing 747-400F freighters and the latest technology medium and super medium helicopters from leading manufacturers including Leonardo, Airbus and Sikorsky. In addition, LCI is a launch customer for the Bombardier CSeries.

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About Lease Corporation International (LCI)

Since its inception in 2004, LCI has acquired fixed wing and rotary aircraft with a value of around US$6 billion. LCI is owned by Libra Group (www.libra.com), an international business group with 30 subsidiaries active in 35 countries across six continents. Libra Group’s subsidiaries are focused on six core sectors: aviation, energy, hospitality, real estate, shipping, and diversified investments. www.lciaviation.com

 

For more information, please contact:

Charlie Hampton / Rosie Causer

Pembroke and Rye

Tel: +44 (0)7884 187297

E-Mail: charlie@pembrokeandrye.com

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