Atlas Air Worldwide signed a share purchase agreement to acquire a 49% minority stake in Air Atlanta, a global ACMI and aircraft management provider headquartered in Iceland with operating platforms in Iceland and Malta.
The transaction, announced on May 28, 2026, is expected to close in the third quarter of 2026, subject to regulatory approvals and customary closing conditions. Air Atlanta’s current management will retain 51% ownership and continue to control the operating airlines.
Atlas said the deal is intended to extend its global operating platform and strengthen access to widebody capacity in key international markets. Through Titan Aviation Holdings, Atlas will also acquire aircraft owned by the Air Atlanta group and lease them back to Air Atlanta airlines, preserving operations under the existing structure.
The financial terms were not disclosed. The companies did not provide details on the number or types of aircraft involved in the sale-and-leaseback component.