Operator
Hello, good day. This is your conference operator. [Operator Instructions] Welcome to the Atlas Air Worldwide Holdings First Quarter 2021 Results Conference Call. [Operator Instructions] I would now like to hand the conference over to your speakers, Atlas Air. Please go ahead.
Ed McGarvey
Senior Vice President and Treasurer
Thank you. RJ, and good morning everyone. I m Ed McGarvey, Treasurer for Atlas Air Worldwide. Welcome to our first quarter 2021 Results Conference Call. Today s call will be hosted by John Dietrich, our Chief Executive Officer; and Spencer Schwartz, our Chief Financial Officer. Today s call is complemented by a slide presentation that can be viewed at atlasairworldwide.com under Presentations in the Investor Information section.
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Titan announces purchase from Icelandair
Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, today announced the acquisition of two 767-300ER aircraft from Icelandair.
These aircraft will be converted to freighters and placed on long-term leases to Icelandair. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage these assets.
Michael T. Steen, President and Chief Executive Officer of Titan Aviation Holdings, said “We are delighted to welcome Icelandair as a strategic customer and to support their long-term expansion plans. The 767-300ER is a very attractive medium-sized freighter and we are excited to manage these two aircraft on behalf of the joint venture. We currently own 21 767-300ER freighters, which provide us with extensive experience in this aircraft type.”
From Bloomberg: It's the latest sign of the online retailer's long-term ambitions to expand its air-freight operations. Amazon acquired about 13.5 million shares of Air Transport Services Group Inc. of Wilmington, Ohio, the air cargo operator said in a securities filing on Monday, March 8, exercising warrants Amazon had previously acquired. Amazon also acquired roughly 865,000 additional shares through an agreement in which no cash changed hands.