Atlas Air Worldwide Holdings closes PDP financing for new Boeing 747-8 Freighters

Atlas Air Worldwide Holdings announced the closing on a revolving credit facility in connection with pre-delivery deposit payments (PDPs) on the final nine of 12 next-generation Boeing 747-8 wide-body freighters scheduled for delivery to the Company between early 2011 and 2013. The 2010 facility complements an initial PDP facility entered into in February 2008 that provides pre-delivery payment financing for the first three aircraft in the Company’s firm order.