Atlas Air Worldwide Holdings announced that its subsidiary Atlas Air has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis.?This new agreement is in addition to the company?s existing multi-year peak season contract that provides FedEx with a minimum of five aircraft during the fourth quarter. Both 747-400 freighters have entered service and are flying on behalf of FedEx to support their growing express and e-commerce network.
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