Adam R. Kokas of Atlas Air Selected as New Chairman of Cargo Airline Association

(Washington, D.C., June 29, 2011). Adam R. Kokas, Senior Vice President, General Counsel, Chief Human Resources Officer and Secretary of Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), has been selected as the new Chairman of the Board of Directors of the Cargo Airline Association. Mr. Kokas succeeds Bob Gray, Vice President, Flight Operations, of ABX Air who has held the position for the past several years. Mr. Gray will remain on the Board.

Mr. Kokas joined the Atlas family in 2006 after more than ten years in private practice, specializing in all aspects of corporate and securities, finance and business law. In his current position, Mr. Kokas is responsible for providing legal, human resources and business counsel to all levels of the Company. He is a graduate of Rutgers University and Boston University School of Law (cum laude).

Stephen A. Alterman, President of the Association, commented that: “All of us in the industry welcome Adam as our new Chairman and look forward to working with him on the many challenges we face. His background and industry knowledge will be an invaluable asset as we move forward. We also thank Bob Gray for his vital direction and hard work over the past years. We are pleased he will continue to serve on our board.”

About CAA

The Cargo Airline Association is the nationwide trade organization representing the interests of the United States all-cargo air carrier industry. Located in Washington, D.C., the Association is responsible for representing the industry before federal and state regulatory bodies, the United States Congress and, when necessary, in the federal and state courts. Contact: Stephen A. Alterman, 202-293-1030, salterman@cargoair.org.