Abu Dhabi’s L'Imad Holding Mulls Offer for Atlas Air Valued Near $10 Billion

Based on · First reported 2 Oct 2026

L'Imad Holding of Abu Dhabi is weighing a bid for Atlas Air Worldwide Holdings, which could be valued at about $10 billion, according to reports. The carrier was bought in March 2023 by a consortium led by Apollo Global for $5.2 billion, a group that includes Atlas Air, Polar Air Cargo and Titan Aviation. Atlas Air has recently placed an order for 20 Airbus A350 freighters.
The potential transaction follows earlier speculation of a sale that surfaced in December 2025, indicating renewed interest in the cargo airline’s ownership structure. A deal of this size would significantly reshape the market presence of the involved parties and could impact capacity planning for freight operators.

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