Atlas Air Worldwide Holdings to start trading on Nasdaq
Atlas Air Worldwide Holdings Inc., parent company of Atlas Air and Polar Air Cargo, will today start trading its common stock on the Nasdaq stock exchange under the AAWW symbol.
“Having achieved timely filer status ahead of schedule this April, we’ve now achieved one of our most important post-reorganization business goals in a very timely fashion, and we’ve returned trading in our shares to a market commensurate with our standing as an industry-leading provider of global air cargo services,” said Jeffrey H. Erickson, Atlas Air’s outgoing president and chief executive officer.
“This is a significant milestone for AAWW. Not only does it enhance stockholder value by ensuring a more liquid market for our shares, but it complements the operational excellence and fleet renewal initiatives that we have launched in 2006, and it builds on the momentum driving this company to the next level,” Erickson added.
After overseeing the company through its emergence from bankruptcy in July 2004, Erickson will retire from the company June 22. William J. Flynn, former president and CEO at Santa Ana, Calif.-based global freight forwarder GeoLogistics Corp., will replace Erickson.