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ATLAS AIR OFFICERS TAKE PAY CUT

ATLAS AIR OFFICERS TAKE PAY CUT

   Executives of Atlas Air Worldwide Holdings and its subsidiary, Atlas Air Inc., said Thursday they will forego about one-third of their compensation for 2001 to help offset its struggling air cargo business.

   Atlas operates a fleet of Boeing 747 freighters under charter contracts with international airlines, including aircraft, crew, maintenance and insurance.