Atlas Air Worldwide Holdings has placed two new Boeing 747-8 freighters with freight provider Panalpina.
The aircraft, to be operated by Atlas Air, will be delivered in the first half of 2012 and will enter service for Panalpina upon delivery.
"We are delighted to provide Panalpina, one of our most long-standing customers, with the industry's newest freighter," said Atlas Air's president and CEO William J. Flynn.
"These new aircraft will give Panalpina increased capacity and revenue-generating capability in a growing global airfreight market, while improving fuel economy."
The 747-8F is expected to provide 16% more revenue cargo volume than the 747-400F, said Atlas Air.
Panalpina is the second Atlas Air customer to enter into a long-term aircraft, crew, maintenance and insurance agreement for the 747-8F.
Atlas Air has 12 747-8Fs on order and will take delivery of the first three this year. The three aircraft will be operated by British Airways World Cargo under a five-year wet-lease agreement.