Transpacific Air Cargo Partnerships Prevail at the Alaska CargoPort in Anchorage

Online, March 8, 2011 (Newswire.com) - TRANSPACIFIC AIR CARGO PARTERSHIPS PREVAIL AT THE ALASKA CARGOPORT IN ANCHORAGE

Anchorage, AK - Lynxs Group LLC, a global air cargo and transportation infrastructure development company is proud to welcome three new tenants to their Alaska CargoPort facility at Ted Stevens International Airport in Anchorage. DHL Express (USA) Inc., Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. This transpacific air cargo collaboration quickly filled the vacuum of the Delta Airlines (Northwest) Cargo exit from Anchorage last year.

Atlas, a long time tenant at the Alaska CargoPort, relocated within the project to expand its operations with Polar and DHL. The companies combined tenancy in the same building and ramp location will bolster their current strategic relationship.

"We are very pleased to be moving into the Lynxs CargoPort facility," said John Dietrich, Executive Vice President and Chief Operating Officer of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), the parent company of Atlas and Polar. "With Atlas and Polar in the same building, we will be able to consolidate operations, enhance our efficiency, and provide greater service and value to our customers who serve the trans-Pacific trade lanes between Asia and North America.

"Anchorage is a linchpin in our global operations and our ability to provide time-definite, route-network service," Mr. Dietrich added. "Atlas' ACMI (Aircraft, Crew, Maintenance and Insurance) and commercial charter aircraft transit Anchorage on a daily basis. And Polar conducts an almost daily transload operation there in support of its customers, including DHL Express. In addition to a home for our maintenance staff and offices for our flight operations, we'll also be able to capitalize on CargoPort's ample airside cargo warehouse space - a significant benefit when turning aircraft around quickly."

These new lease agreements indicate the viability and relevance of both the Alaska CargoPort as an important, multitenant cargo facility in Anchorage, and also in the larger sense, the continuing robustness of Anchorage as not only one of the world's major technical stops, but also one of the most important cargo transfer points in North America.

The location of the Alaska CargoPort at Ted Stevens Anchorage International Airport offers carriers a unique opportunity provided by legislation expanding and liberalizing cargo transfer rights for the Alaska International Airport System. The Stevens Amendment and further Department of Transportation Exemptions allow U.S. and non-US carriers to interline, transfer on-line between flights, employ change of gauge service, and commingle U.S. and non-U.S. traffic on the same flight. The Alaska CargoPort exists as the only privately owned multitenant facility designed specifically for cargo transfer. This allows Alaska CargoPort tenants to take advantage of partnerships and alliances, reducing operating costs and increasing efficiency.

John Parrot, Ted Steven Anchorage International Airport Manger stated, "The geographic location of Ted Stevens Anchorage International Airport, the liberal regulatory environment for cargo transfer, low rates and fees, a partner airport in Fairbanks and the infrastructure provided by both the airport and in this case Lynxs, makes a nearly unbeatable combination when looking for a safe, reliable, efficient location to maximize the revenue opportunities of moving international cargo. It is a pleasure to see the opportunities taken advantage of and expanded."

The Alaska CargoPort currently has opportunities for other companies to be on site with direct access on the airport operations area (AOA). Six dedicated hardstand parking positions with in-ramp fueling to support aircraft ranging from MD-11's to 747-800's are available for lease. Modern offices, open warehouse with cross-dock features, a maintenance shop, and ground space for GSE staging and operations are available for immediate occupancy.

###