Global Air Freight Solutions Leader Atlas Air Again Passes Industry Standard IOSA Audit

Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo assets and outsourced aircraft operating services, announced today that its Atlas Air, Inc. operating unit has successfully passed the IATA Operational Safety Audit, known as IOSA. Atlas Air was added to the IATA registry as an IOSA Operator in 2007 after successfully completing their initial IOSA audit.

“We are very pleased to once again pass this stringent operational audit demonstrating our full conformity with IOSA standards,” said John Dietrich, Executive Vice President & Chief Operating Officer, Atlas Air Worldwide Holdings, Inc. “Atlas Air is committed to safety and compliance leadership, as well as unmatched operational excellence.”

Atlas Air flies the world’s largest Boeing 747 freighter fleet, including the most state-of-the-art 747-400Fs. In 2008 AAWW operated 19,042 flights, serving 316 destinations in 110 countries, many of them in challenging locales. Atlas offers its ACMI (Aircraft, Crew, Maintenance, Insurance) and Charter customers a truly global operational footprint for their air freight needs.

Initiated in 2001, the IATA Operational Safety Audit (IOSA) is a globally-accepted safety standard designed specifically for the aviation industry. The program includes the most important aspects of an airline's duty to deliver a safe operation and divides these into eight categories of quality testing -- Corporate Organization and Management System, Flight Operations, Operational Control and Dispatch, Aircraft Engineering and Maintenance, Cabin Operations, Aircraft Ground Handling, Cargo Operations, and Operation Security.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Leasing Limited (Titan) and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). Through Atlas and Polar, AAWW operates the world’s largest fleet of Boeing 747 freighter aircraft.

Atlas, Titan and Polar offer a range of services that include ACMI aircraft leasing – in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis – express network and scheduled air cargo service, military charters, commercial charters, and dry leasing of aircraft and engines.

AAWW’s press releases, SEC filings and other information can be accessed through the Company’s home page, www.atlasair.com.