Atlas Air Worldwide Appoints John W. Dietrich President and Chief Operating Officer, Atlas Air, Inc.

Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW) today announced that it has appointed John W. Dietrich as President and Chief Operating Officer (COO) of Atlas Air, Inc., the company’s wholly owned subsidiary, effective October 15, 2014. Mr. Dietrich will retain his role with the parent holding company and continue to report to William J. Flynn, Atlas Air Worldwide’s President and Chief Executive Officer.

Mr. Flynn said, “Over the past few years, Atlas Air has redefined itself, grown and become more complex as it has entered into new businesses – including CMI, passenger operations, additional aircraft gauges, and training.

“John’s promotion will strengthen and develop our management team as we continue to grow our operations. With his focus on operational excellence, extensive aviation experience, and proven track record of success, John has a true understanding of the business and is the ideal person to lead the airline on a day-to-day basis.”

Mr. Dietrich was appointed Executive Vice President and Chief Operating Officer of Atlas Air Worldwide (AAWW) in September 2006. As COO, he has been responsible for all aspects of AAWW’s global operations, including Flight Operations, Technical Operations, System Operations, Ground Operations, Procurement, Safety and Regulatory Compliance. He also has responsibility for the company's Defense and Government programs.

Mr. Dietrich joined AAWW in 1999 as Associate General Counsel. He was promoted to Vice President and General Counsel in 2003, and in 2004 was promoted to Senior Vice President, General Counsel and Corporate Secretary. In that role, he was also responsible for Human Resources and Corporate Communications.

Prior to joining AAWW, Mr. Dietrich spent 13 years at United Airlines, seven of those as a litigation attorney. At both United and AAWW, he was responsible for providing legal counsel to all levels of management, and served as an advisor on issues related to labor relations, employment and commercial litigation.

Mr. Dietrich attended Southern Illinois University, and graduated cum laude from the John Marshall Law School in Chicago. He is a member of the Bar in New York, Illinois and Colorado.

About Atlas Air Worldwide:

Atlas Air Worldwide is the parent company of Atlas Air, Inc. (Atlas) and Titan Aviation Holdings, Inc. (Titan), and is the majority shareholder of Polar Air Cargo Worldwide, Inc. (Polar). 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 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,www.atlasair.com.