Atlas Air Worldwide Holdings has agreed to acquire Southern Air Holdings for $110 million in an all-cash transaction. The deal, if approved by the US Department of Transportation (DOT), would mark a major consolidation in the US air cargo industry. Purchase, New York-based Atlas is the parent company of international airfreight carriers Atlas Air and Polar Air Cargo. It operates the world’s largest Boeing 747 freighter fleet. Cincinnati-based Southern Air is also affiliated with ...

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