- Atlas Air Worldwide (NASDAQ:AAWW +0.6%) has echoed Boeing’s (BA -0.2%) optimism about the air cargo market, saying it will bring a 747-400 freighter out of desert storage and buy two 767 passenger aircraft to convert to freighters to go along with the 10th new 747-8 freighter the operator will add to its fleet in November.
- Cowen analysts say the decision to put the parked 747-400 back into service is the result of extra work created by the U.S. military bolstering its forces in eastern Europe.
- Atlas Air's additions also back up Boeing's increasingly bullish view of the air cargo market, having announced several freighter deals at the recent Paris Air Show.