Lease Corporation International (LCI), the aviation division of the Libra Group, announced it has entered into an agreement to place a Boeing 747-400F on a long-term lease with Atlas Air Inc., a wholly owned subsidiary of Atlas Air Worldwide Holdings, Inc.

“We are delighted to be commencing this partnership with Atlas Air and supporting their continued growth as a world leading freight carrier,” said Michael Platt, Chief Executive Officer of Lease Corporation International. “LCI assessed that the proven and versatile Boeing 747 factory-built freighter would continue to be a valuable and irreplaceable tool in the air cargo market, and invested in this aircraft several years ago when the type was undervalued.”

Atlas Air Worldwide is a global leader in innovative, outsourced aviation operating services, with more than 25 years of experience serving the airline, express and e-commerce, and freight industries, as well as commercial and military cargo and passenger customers.

It operates the world’s largest fleet of modern Boeing 747 all-cargo aircraft.

“We continue to strengthen our position as a leader in international aviation outsourcing. The 747 freighter we are leasing today from LCI will help us to further expand our customer base in key global markets and capitalize on the opportunities that we see,” said William J. Flynn, President and CEO of Atlas Air Worldwide.