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

Michael Platt, CEO of LCI, said, “We are delighted to be commencing this partnership with Atlas Air and supporting their continued growth as a world leading freight carrier. 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 has 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.

William J. Flynn, president and CEO of Atlas Air Worldwide, said, “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.”

LCI’s current fleet is comprised of factory-built Boeing 747-400F freighters and medium and super medium helicopters from manufacturers including Leonardo, Airbus and Sikorsky. In addition, LCI is a launch customer for the Bombardier CSeries.