M&A Deal Summary

Atlas Air Acquires Polar Air Cargo Worldwide

On November 2, 2001, Atlas Air acquired transportation company Polar Air Cargo Worldwide

Acquisition Highlights
  • This is Atlas Air’s 1st transaction in the Transportation sector.
  • This is Atlas Air’s 1st transaction in the United States.
  • This is Atlas Air’s 1st transaction in New York.

M&A Deal Summary

Date 2001-11-02
Target Polar Air Cargo Worldwide
Sector Transportation
Buyer(s) Atlas Air
Deal Type Add-on Acquisition

Target

Polar Air Cargo Worldwide

Purchase, New York, United States
Polar Air Cargo Worldwide provides a critical link in the global logistics chain with the largest fleet of Boeing 747 freighters among U.S. scheduled all-cargo carriers.

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Buyer(S) 1

Buyer

Atlas Air

White Plains, New York, United States

Category Company
Founded 1992
Sector Aerospace
Revenue 4.0B USD (2021)
DESCRIPTION
Atlas Air 747 in Ft. Lauderdale, Florida.
Atlas Air 747 in Ft. Lauderdale, Florida.

Atlas Air is a provider of aircraft and outsourced solutions to the global airfreight industry. It is the parent company of Atlas Air, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world’s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations. Atlas Air was founded in 1992 and is based in White Plains, New York.


DEAL STATS #
Overall 1 of 2
Sector: Transportation M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: New York M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2001 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-19 Southern Air

Florence, Kentucky, United States

Southern Air, Inc. is a global cargo carrier specializing in the provision of block space and aircraft, crew, maintenance, and insurance ("ACMI") services. Southern Air's blue-chip customer base includes some of the world's largest combination cargo carriers and government agencies.

Buy $110M