Atlas Air Buys Polar
Jul 17, 2001, 4:32 pm
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Atlas Air Buys Polar
Atlas Air has announced it is buying Polar Air Cargo for $84 million, just months after each carrier began laying off pilots and ground workers in Anchorage and other cities because of the slowing U.S. and Asian economies. Atlas proposes to keep the two brands separate but would eliminate Polar's Boeing 747-100 fleet. Atlas said it would operate Polar's 747-400 freighters and possibly its 747-200s.
http://www.adn.com/business/story/630979p-675245c.html
http://www.adn.com/business/story/630979p-675245c.html
Jul 18, 2001, 6:37 am
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One of these airlines was already the largest operator of 747 freighters in the world (remember reading that a year or two ago, but I can never remember if it was Polor or Atlas), this will only strengthen that position and probably make them one of the largest 747 operators (freighter and passenger) in general.