Atlas Air has entered a standard wet-lease agreement with Federal Express Corp. for two Atlas 747-400 and one 747-200 freighters, with service to begin in the fourth quarter. FedEx, which is embroiled in a bitter contract dispute with its pilots' union, has set down a contingency plan in the event of a pilot strike that includes contracting for airlift. Atlas Chairman, Chief Executive and President Michael Chowdry said, however, that Atlas and FedEx have been discussing the deal for some ...


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