Atlas Air Worldwide Holdings has signed a five-year agreement with FedEx Express to provide it with five Boeing 747-400 Freighters for peak flying seasons beginning in 2017 and lasting through to 2021.

Peak season flying generally occurs in the month of December and potentially earlier. An agreement to provide five aircraft for the 2016 peak season flying is already in place.

Atlas Air president and chief executive officer, William J. Flynn says: “We have worked closely and successfully with FedEx for many years, but this is our first agreement that allows both companies to plan for the longer term.

“We are excited to continue to serve FedEx and its customers.”