Atlas Air Worldwide has signed a Share Purchase Agreement to acquire a 49% minority stake in Air Atlanta, an Iceland-based provider of ACMI (Aircraft, Crew, Maintenance, Insurance) and aircraft management services with operating platforms in Iceland and Malta. The transaction is structured as a strategic partnership, with Air Atlanta’s current management retaining a controlling 51% stake in the operational airlines.
In a parallel transaction, Atlas subsidiary Titan Aviation Holdings will acquire the aircraft owned by the Air Atlanta group and lease them back to the Air Atlanta airlines, ensuring continued operation of the fleet under existing carriers. The deal is intended to expand Atlas Air Worldwide’s global operating platform and secure access to additional widebody capacity on key international markets.
The parties expect the transaction to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. The financial terms have not been disclosed. The agreement was jointly announced from New York and Kópavogur, underlining the cross-border nature of the partnership between the US-based Atlas Air Worldwide group and Iceland’s Air Atlanta, a long-haul ACMI and charter specialist.