BLOCKED SPACE AGREEMENT Between Polar Air Cargo Worldwide, Inc. and DHL Network Operations (USA), Inc. DATED JUNE 28, 2007Blocked Space Agreement • August 8th, 2007 • Atlas Air Worldwide Holdings Inc • Air transportation, nonscheduled • New York
This Blocked Space Agreement (the “Agreement”) dated as of June 28, 2007, is between Polar Air Cargo Worldwide, Inc., a Delaware corporation (“Company”) and DHL Network Operations (USA), Inc., an Ohio corporation (“DHL”) (each a “Party” and together, the “Parties”).
ContractBlocked Space Agreement • April 11th, 2013
with DHL. Concurrent with the investment, under a 20-year blocked space agreement that was subsequently amended (the “BSA”), Polar provides air cargo capacity to DHL through Polar’s network for DHL Express services. In addition to the BSA, Atlas and Polar have a flight services agreement, whereby Atlas is compensated by Polar on a per Block Hour basis, subject to a monthly minimum Block Hour guarantee, at a predetermined rate that escalates annually. Under the flight services agreement, Atlas provides Polar with crew, maintenance and insurance for the aircraft. Under other separate agreements, Atlas and Polar supply administrative, sales and ground support services to one another. DP has guaranteed DHL’s (and Polar’s) obligations under the various transaction agreements described above. AAWW has agreed to indemnify DHL for and against various obligations of Polar and its affiliates. Collectively, these agreements are referred to herein as the “DHL Agreements”. The DHL Agreements provid
ExhibitBlocked Space Agreement • April 19th, 2012
