Premier Aviation Overhaul Center Signs Long-Term Heavy Maintenance Contract With Atlas Air

ROME, NEW YORK--(Marketwired - June 26, 2014) - Premier Aviation Overhaul Center and Atlas Air Worldwide Holdings, Inc. (NASDAQ:AAWW) are pleased to announce the signing of a two-year Agreement plus options for the provision of airframe heavy maintenance on Atlas Air, Inc.'s fleet of B767-200/300 and B747-400 aircraft.

The contract between Premier and Atlas Air, Inc. follows a successful 2013 season with the delivery of 26 aircraft maintenance events and provides Atlas with secured hangar capacity at Premier's Rome, New York facility for scheduled heavy maintenance and modifications into the foreseeable future.

"This Agreement represents a tremendous opportunity for Premier to work in partnership with the leading global provider of outsourced aircraft and aviation operating services, and our commitment to deliver industry-leading quality, value and turnaround times," stated Premier`s President and CEO Ronnie Di Bartolo. "The signing of this Agreement further solidifies Premier's position as one of North America's leading providers of airframe heavy maintenance and is a reflection of Premier's commitment to customer-driven, value-added MRO solutions."

"Premier has delivered high quality and strong performance, and has consistently displayed its commitment to the success of Atlas throughout our relationship. We look forward to a long and successful partnership with Premier, the city of Rome and our home state of New York," said Mark Swearingin, Vice President Technical Operations, Atlas Air Worldwide. "This Agreement is an excellent opportunity to assure us of a competitive, long-term, quality solution for B767 and B747 heavy maintenance in North America, and it reflects our great confidence in Premier Aviation."

About Premier Aviation:

Premier Aviation is a full-service aircraft maintenance, repair and overhaul (MRO) provider, wholly-owned and operated by Ronnie Di Bartolo with over 650,000 square feet of facilities in Trois-Rivieres, Quebec, Windsor, Ontario in Canada and Rome, New York in the United States. Since its inception in 2002, the company has maintained a steady growth of clients and services in general overhaul, modifications, refurbishment, paint and line maintenance. Premier Aviation is committed to delivering top-quality, safety, performance and competitive MRO solutions to the aviation industry throughout Canada, US and internationally.

As a leading MRO provider in North America, Premier Aviation seeks highly-motivated, qualified individuals to be part of our team. For more information on our services and capabilities, employment opportunities and more, please visit our website, www.premieraviation.ca.

About Atlas Air Worldwide:

Atlas Air Worldwide 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). Atlas Air Worldwide also maintains a 49% interest in Global Supply Systems Limited (GSS). 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.