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AAWW News Atlas Air Worldwide Holdings Names Adam R. Kokas Senior Vice President, General Counsel, and Secretary

PURCHASE, N.Y.--(BUSINESS WIRE)--Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW), a leading provider of global air cargo services, has named Adam R. Kokas Senior Vice President, General Counsel, and Secretary, effective October 9, 2006.

Mr. Kokas, 35, joins AAWW from Ropes & Gray LLP, where he was a partner in their Corporate Department, focusing on general corporate, securities and business law. Prior to joining Ropes & Gray, Mr. Kokas was a partner at Kelley Drye & Warren LLP, where he joined as an associate in 2001. At both Kelley Drye and at Ropes & Gray, Mr. Kokas has represented AAWW in a variety of matters, including corporate finance transactions, corporate governance matters, strategic alliances, securities matters, and other general corporate issues.

William J. Flynn, President and CEO of AAWW, said, "Adam has been outstanding in representing AAWW's interests over the past several years. He possesses a strong and varied background in corporate law, and has a deep understanding of our business and of aviation and transportation in general. Adam is indeed the ideal person for this position, and, having worked so closely with our Company over the years, is guaranteed a seamless transition in leading our legal function."

"I am thrilled to be joining AAWW and working with this exceptional legal team," said Mr. Kokas. "Over the years, I have observed first-hand the growth and success of Atlas. This Company has quality management and a strategic plan focused on delivering shareholder and customer value, and I have every confidence that we will continue the positive momentum that we enjoy today."

As General Counsel, Mr. Kokas fills the position vacated by John W. Dietrich, who on September 19 was appointed AAWW's Chief Operating Officer.

Mr. Kokas earned his B.A. from Rutgers University, and is a cum laude graduate of the Boston University School of Law, where he was an Edward M. Hennessey scholar. He is a member of the Bar in New York and New Jersey.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air (Atlas) and Polar Air Cargo, which together operate the world’s largest fleet of Boeing 747 freighter aircraft.

AAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated aircraft, crew, maintenance and insurance on a long-term lease basis.

AAWW’s press releases, SEC filings and other information may be accessed through the Company’s home page, www.atlasair.com.