Atlas Air Worldwide Holdings names Ron Lane Chief Marketing Officer.

Business Editors

PURCHASE, N.Y.--(BUSINESS WIRE)--April 18, 2003

Atlas Air Worldwide Holdings, Inc. (NYSE: CGO) today named Ron Lane its Chief Marketing Officer.

Lane will be responsible for global sales and marketing efforts at both of the company's subsidiaries, Atlas

"Ron has played a key role in the growth of Polar Air Cargo's network since 2000," said Jeff Erickson, President and Chief Operating Officer of Atlas Air Worldwide Holdings. "He brings to Atlas Air Worldwide Holdings 30 years of aviation experience and industry knowledge, and will help both companies effectively market their services to a variety of customers around the world."

Lane joined Polar following 27 years with Evergreen International Airlines, where he had most recently served as Vice Chairman.

Atlas Air, Inc. offers its customers a complete line of freighter services, specializing in ACMI (Aircraft, Crew, Maintenance, and Insurance) contracts, utilizing its fleet of Boeing 747 aircraft. Polar Air Cargo, Inc.'s fleet of Boeing 747 freighter aircraft specializes in time-definite, cost-effective, airport-to-airport scheduled airfreight service.