News / Atlas remains bullish after IAG shock, but GSS looks vulnerable in a tough market

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While few in the industry will have doubted that IAG Cargo has made the right decision to return its three 747-8Fs at the end of April, the effect on supplier Global Supply Systems (GSS), and its 49% shareholder Atlas Air, looks far more negative and raises questions about the viability of the ACMI model in the current market.

Stansted-based GSS, which leases the aircraft from Atlas, has little choice in this market but to return them, a move confirmed to The ...