Atlas Air closes $100m acquisition of Southern Air

Atlas Air has completed its acquisition of Southern Air – a relatively smooth affair in comparison to the anticipated negotiations with both sets of pilots.

The deal for Southern, worth $110m, adds further DHL contracts to Atlas’s portfolio, as well as giving it access to five 777-200Fs, five 737-400Fs and a 767-300F under contract to LATAM Cargo.

The deal marks yet another twist in the fortunes of the original Southern Air Transport, founded in 1947. The cargo airline was a front company for the CIA ...