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Press release from Business Wire

Atlas Air Worldwide Promotes Spencer Schwartz to Executive Vice President

Thursday, December 19, 2013

Atlas Air Worldwide Promotes Spencer Schwartz to Executive Vice President

15:16 EST Thursday, December 19, 2013

PURCHASE, N.Y. (Business Wire) -- Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW), a leading global provider of outsourced aircraft and aviation operating solutions, today announced the promotion of Spencer Schwartz to Executive Vice President of Atlas Air Worldwide and Atlas Air, Inc.

In this role, he will continue to serve as the company's Chief Financial Officer. Schwartz has served as Senior Vice President and CFO since 2010 and joined the company in 2008 as Vice President and Controller.

“Spencer has been instrumental in helping Atlas build a diversified, resilient business model,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “We value the strategic insights and solutions Spencer brings to the company. His foresight and attention to detail have had a positive financial impact on the company, and his competitive spirit will help us to continue to drive the company forward,” Flynn said.

Schwartz has broad experience in all aspects of corporate finance, including strategy, planning, corporate governance and business development. As CFO at Atlas, Schwartz has direct responsibility for all financial and information technology (IT) functions, including treasury, investor relations, financial planning and analysis, financial reporting, accounting, tax, internal audit and business resiliency.

His innovative problem-solving led Aviation News to name Spencer one of the top 10 CFOs in the aerospace industry. The publication also named him to “The Aviation 100,” recognizing the most outstanding performers in aerospace. He was also recognized by Treasury & Risk as one of the “Top 100 Most Influential People in Finance.”

Prior to AAWW, Schwartz was at MasterCard Incorporated, where he served as Group Head of Global Risk Management; Senior Vice President and Business Financial Officer; Senior Vice President, Corporate Controller and Chief Accounting Officer; and Vice President of Taxation.

He began his career at PricewaterhouseCoopers. He is a certified public accountant who earned an MBA with honors from New York University's Stern School of Business and a bachelor's degree in accounting from The Pennsylvania State University.

Schwartz is an active member of the Board of Directors of Junior Achievement of the Hudson Valley, an organization that partners businesses with schools to benefit school-age children in the community.

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,

Atlas Air Worldwide Holdings, Inc.
Bonnie Rodney, 914-701-8580
Dan Loh, 914-701-8200

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