Atlas Air, Inc. Enters into New ACMI Contract with TNT Airways

Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading global provider of air cargo assets and outsourced aircraft operating solutions, today confirmed that its subsidiary, Atlas Air, Inc. (Atlas Air), has entered into a contract with TNT Airways, the Belgium-based aviation division of TNT, N.V. (Euronext Amsterdam/NYSE: TNT). Under the agreement, Atlas Air will provide Boeing 747-400 Freighter service for TNT’s international express air network under an Aircraft, Crew, Maintenance and Insurance (ACMI) agreement.

The 747-400F aircraft, which began operations for TNT Airways’ long-haul network on September 15, will be based at TNT’s European base of Liege, Belgium. Atlas Air’s fleet of modern and reliable 747-400 aircraft represents one of the most efficient freighter fleets in the market. The 747-400 is the industry benchmark for operating performance in the long-haul, intercontinental air freighter market due to its cost and capacity advantage over other freighters.

“We are very pleased to add TNT Airways to our portfolio of ACMI customers. TNT Airways operates a significant Express Air network including hubs and offices providing TNT Express connectivity across 200 countries,” said William J. Flynn, President and Chief Executive Officer of AAWW. “As the leading outsource provider of 747-400F aircraft with a global platform serving 270 destinations in 105 countries, Atlas Air will provide highly reliable service to TNT as it continues to expand its business in emerging markets.”

Niky Terzakis, Managing Director, TNT Airways, said, “We are very pleased to be entering into this agreement with Atlas Air. Both companies are focused on providing excellent service and reliability in the business-to-business space. Our role is to transfer goods and documents tailored to customers’ requirements with a focus on time-definite and day-definite pick up and delivery. We know we have found an excellent business partner in Atlas Air.”

About Atlas Air Worldwide Holdings, Inc.

AAWW 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). Through Atlas and Polar, AAWW operates the world’s largest fleet of Boeing 747 freighter aircraft.

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

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

About TNT

TNT at Liege Airport, it's two different complementary companies: TNT EuroHub and TNT Airways, both belong to the Express division of the TNT Group.

Every night, 40 planes and more than 130 trucks arrive at the European air hub. More than 1,900 people work for TNT at the Liege site. It takes approximately one hour to sort and load the parcels coming into the hub by road into the planes. About 430,000 parcels and 2,700 tonnes per week are sorted in the hub. They are all scanned, thanks to the use of radio frequency technology.

Most of the work is done at night at the European Sort Center of Liege but the operations take place 24 hours a day, seven days a week.

For more information, visit TNT Airways internet site: www.tntliege.com.

About TNT Express

TNT’s Express division is one of the world’s leading express delivery services providers. It delivers 4.4 million parcels, documents and pieces of freight a week to over 200 countries using its network of 2,409 depots, hubs and sorting centers. The division operates 26,310 road vehicles, 48 aircraft and has the biggest door-to-door air and road express delivery infrastructure in Europe.

TNT’s Express division employs over 78,000 staff worldwide. It is the first organization to have achieved global recognition as an Investor in People. The division reported revenues of €5.956 billion in 2009. The operating income was €193 million. Visit TNT’s Express division online: http://www.tnt.com/express.

TNT provides businesses and consumers worldwide with an extensive range of services for their mail and express delivery needs. Headquartered in the Netherlands, TNT offers efficient network infrastructures in Europe and Asia and keeps optimising its global network performance. TNT serves more than 200 countries and employs about 160,000 people. Over 2009, TNT reported €10.4 billion in revenues and an operating income of €648 million. TNT is quoted on the Amsterdam Stock Exchange. TNT recognises its social responsibility and has formed partnerships with the United Nations World Food Programme and the United Nations Environment Programme to fight hunger and pollution in the world. Our efforts are being recognised: In 2009 TNT again reached the highest score of all companies included in the Dow Jones Sustainability Index. More information about TNT can be found on its website http://group.tnt.com.