April 19, 2002

FOR IMMEDIATE RELEASE

NATIONAL MEDIATION BOARD

Contact: NMB Public Information Line -- (202) 692-5050

Re: Mediation: Atlas Air and Air Line Pilots Association

Washington, D.C. -- Atlas Air, Inc. and the Air Line Pilots Association held meetings on April 15, 16 and 17th under the auspices of the National Mediation Board. Mediation will resume in Washington, D.C., commencing on April 29th at 2:00 pm in the Board offices. In the Board's judgement, the limited number of outstanding issues provides a framework for a negotiated settlement.

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