Polar Air Cargo Worldwide Announces Lars Winkelbauer as Executive Vice President and Chief Operating Officer

Succeeds Robert Hyslop, New Senior Vice President Global Aviation for DHL Express

PURCHASE, N.Y., May 30, 2018 (GLOBE NEWSWIRE) — Polar Air Cargo Worldwide, Inc. today announced the appointment of Lars Winkelbauer as Executive Vice President and Chief Operating Officer effective July 1, 2018.

Mr. Winkelbauer succeeds Robert Hyslop, who is moving from Polar to rejoin DHL Express as Senior Vice President Global Aviation, based in Plantation, Florida.

Mr. Winkelbauer’s new role will include all aspects of aviation operations, strategy and service performance in Polar’s worldwide network. He will be based in Purchase, New York, and will report to Polar’s President and Chief Executive Officer, William J. Flynn.

“Lars’ in-depth knowledge of the company, the Asia-Pacific region, and the express airfreight industry will help Polar and its sister companies – Atlas Air, Inc. and Southern Air, Inc. – continue to support DHL Express and to develop in the fast-growing express segment,” said Mr. Flynn.

“We thank Rob for his leadership and commitment to operational excellence at Polar over the last four years,” Mr. Flynn added. “During his tenure, Polar has expanded its network while continuing to provide reliable and consistent service to DHL and Polar’s other customers.”

Mr. Winkelbauer joined DHL Asia Pacific in 2014 as its Vice President, Aviation, Network Planning and Control. Prior to joining DHL, he served as Polar’s Vice President for Marketing, Revenue Management and Network Planning.

About Polar Air Cargo Worldwide:

Polar Air Cargo Worldwide is a leading global provider of air cargo capacity and a majority-owned subsidiary of Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW). In addition to flying a transpacific express network for DHL Express, Polar also flies between the Asia-Pacific region, the Middle East and Europe on behalf of DHL and Polar’s other customers.

Contacts:  Elizabeth Roach (Media) – (914) 701-6576
 Dan Loh (Investors) – (914) 701-8200

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