Atlas Air Worldwide Holdings has reached agreement to sell a 49% equity interest and a 25% voting interest in its Polar Air Cargo subsidiary to DHL for $150 million cash, the companies announced yesterday. AAWW said the deal includes a 20-year blocked-space arrangement with potential revenues of $3.5 billion that "will ensure DHL access to aircraft capacity in key global markets while providing the AAWW companies with a valuable, long-term customer." DHL, which said it was especially ...

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