FRANKFORT, Ky. - A global outsourcer of aircraft and aviation operating services is moving its Kentucky operations center from Florence to Erlanger by 2021.
Atlas Air Worldwide Holdings Inc. plans to move closer to the Cincinnati/Northern Kentucky International Airport (CVG) with a $34.1 million investment to improve support of its customers at CVG.
“We look forward to welcoming Atlas Air Worldwide to Erlanger!” expressed Erlanger Mayor Jessica Fette. “The proposed location will give them easy access to not only the airport but I-75, and I-275.”
Globally, Atlas Air employs more than 3,000 people to outsource Boeing 747, 777, 767, 757, and 737 domestic, regional, and international cargo and passenger aircraft. The company’s Florence location currently employs 318 people, 182 of whom are Kentuckians. In addition to the relocation of these employees, the new facility will create 593 full-time Kentucky jobs.
“We are excited to support Atlas’ growth on a global scale and appreciate their commitment to Kentucky,” stated Governor Matt Bevin.
The relocation will also come with $15 million in tax incentives preliminarily approved by the Kentucky Economic Development Finance Authority (KEDFA). These incentives will allow the company to retain a portion of its tax revenue if it hits job and investment targets to encourage investment and job growth in the community
“Our new operations center in Erlanger will enable us to continue to deliver high-quality services to our customers and support their growing global networks,” said William J. Flynn, CEO of Atlas Air Worldwide. “We look forward to the development of a modern, state-of-the-art facility that will foster a great sense of pride with our existing and future employees.”