-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 U3384aMMHKej3yo6Jw/sHg==

<SEC-DOCUMENT>0000919574-09-015276.txt : 20090910
<SEC-HEADER>0000919574-09-015276.hdr.sgml : 20090910
<ACCEPTANCE-DATETIME>20090910181656
ACCESSION NUMBER:		0000919574-09-015276
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090908
FILED AS OF DATE:		20090910
DATE AS OF CHANGE:		20090910

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FALCONE PHILIP
		CENTRAL INDEX KEY:			0001233569

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		091063659

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ATLAS AIR WORLDWIDE HOLDINGS INC
		CENTRAL INDEX KEY:			0001135185
		STANDARD INDUSTRIAL CLASSIFICATION:	AIR TRANSPORTATION, NONSCHEDULED [4522]
		IRS NUMBER:				134146982
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		2000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-2543
		BUSINESS PHONE:		9147018000

	MAIL ADDRESS:	
		STREET 1:		2000 WESTCHESTER AVENUE
		CITY:			PURCHASE
		STATE:			NY
		ZIP:			10577-2543

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARBINGER CAPITAL PARTNERS OFFSHORE MANAGER, L.L.C.
		CENTRAL INDEX KEY:			0001224055

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		091063662

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-339-5100

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER NAME:	
		FORMER CONFORMED NAME:	HMC DISTRESSED INVESTMENT OFFSHORE MANAGER LLC
		DATE OF NAME CHANGE:	20030321

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARBINGER HOLDINGS, LLC
		CENTRAL INDEX KEY:			0001456927
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		091063660

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-339-5100

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARBINGER CAPITAL PARTNERS LLC
		CENTRAL INDEX KEY:			0001457298
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		091063661

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-339-5100

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HMC ATLAS AIR, L.L.C.
		CENTRAL INDEX KEY:			0001333873

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		091063663

	BUSINESS ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-339-5100

	MAIL ADDRESS:	
		STREET 1:		450 PARK AVENUE, 30TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p1028829_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-09-08</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0001135185</issuerCik>
        <issuerName>ATLAS AIR WORLDWIDE HOLDINGS INC</issuerName>
        <issuerTradingSymbol>AAWW</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001333873</rptOwnerCik>
            <rptOwnerName>HMC ATLAS AIR, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 PARK AVENUE, 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>*See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001224055</rptOwnerCik>
            <rptOwnerName>HARBINGER CAPITAL PARTNERS OFFSHORE MANAGER, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 PARK AVENUE, 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>*See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001457298</rptOwnerCik>
            <rptOwnerName>HARBINGER CAPITAL PARTNERS LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 PARK AVENUE, 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>*See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001456927</rptOwnerCik>
            <rptOwnerName>HARBINGER HOLDINGS, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 PARK AVENUE, 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>*See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001233569</rptOwnerCik>
            <rptOwnerName>FALCONE PHILIP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>450 PARK AVENUE, 30TH FLOOR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>*See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-09-08</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>125000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>24.55</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>2003468</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-09-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>102708</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>25.14</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1900760</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-09-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>182102</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.17</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1718658</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-09-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1500000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>26.50</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>218658</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>922761</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnotes</value>
                    <footnoteId id="F1"/>
                    <footnoteId id="F5"/>
                    <footnoteId id="F6"/>
                    <footnoteId id="F7"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">IMPORTANT NOTE: THE SECURITIES SET FORTH IN THIS REPORT ARE DIRECTLY BENEFICIALLY OWNED BY HMC ATLAS AIR, L.L.C. AND/OR
 HARBINGER CAPITAL PARTNERS SPECIAL SITUATIONS FUND, L.P. (THE &quot;DIRECT BENEFICIAL OWNERS&quot;). ALL ENTITIES AND PERSONS ARE
 INCLUDED WITHIN THIS REPORT DUE TO THEIR AFFILIATION WITH ONE OR BOTH OF THE DIRECT BENEFICIAL OWNERS.</footnote>
        <footnote id="F2">These securities are owned by HMC Atlas Air, L.L.C.(&quot;HMC Atlas Air&quot;), which is a Reporting Person.</footnote>
        <footnote id="F3">These securities may be deemed to be beneficially owned by the following Reporting Persons: Harbinger Capital Partners
 Offshore Manager, L.L.C. (&quot;Harbinger Management&quot;), the Class A Shareholder of HMC Atlas Air; Harbinger Capital Partners LLC
 (&quot;Harbinger LLC&quot;), a co-investment manager of HMC Atlas Air; Harbinger Holdings, LLC (&quot;Harbinger Holdings&quot;), the managing
 member of Harbinger Management and Harbinger LLC; and Philip Falcone, the managing member of Harbinger Holdings and the
 portfolio manager of HMC Atlas Air.</footnote>
        <footnote id="F4">Each Reporting Person listed in Footnote 3 disclaims beneficial ownership of the reported securities except to the extent of
 his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the
 beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any
 other purpose.</footnote>
        <footnote id="F5">These securities are owned by Harbinger Capital Partners Special Situations Fund, L.P. (the &quot;Special Situations Fund&quot;).</footnote>
        <footnote id="F6">These securities may be deemed to be indirectly beneficially owned by the following entities or persons: Harbinger Capital
 Partners Special Situations GP, LLC (&quot;HCPSS&quot;), the general partner of the Special Situations Fund; Harbinger Holdings, the
 managing member of HCPSS; and Philip Falcone, the managing member of Harbinger Holdings and the portfolio manager of the
 Special Situations Fund.</footnote>
        <footnote id="F7">Each entity or person listed in Footnote 6 disclaims beneficial ownership of the reported securities except to the extent of
 his or its pecuniary interest therein, and this report shall not be deemed an admission that such entity or person is the
 beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any
 other purpose.</footnote>
    </footnotes>

    <remarks>(+) The Reporting Persons may be deemed to be members of a &quot;group&quot; for purposes of the Securities Exchange Act of 1934,
 as amended.  Each Reporting Person disclaims beneficial ownership of any securities deemed to be owned by the group that are
 not directly owned by the Reporting Person.  This report shall not be deemed an admission that such Reporting Person is a
 member of a group or the beneficial owner of any securities not directly owned by such Reporting Person.</remarks>

    <ownerSignature>
        <signatureName>HMC Atlas Air, L.L.C. (+), By: /s/ Philip Falcone</signatureName>
        <signatureDate>2009-09-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harbinger Capital Partners Offshore Manager, L.L.C. (+), By: Harbinger Holdings, LLC, Managing Member,  By: /s/ Philip Falcone</signatureName>
        <signatureDate>2009-09-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harbinger Capital Partners LLC (+), By: Harbinger Holdings, LLC, Managing Member,  By: /s/ Philip Falcone</signatureName>
        <signatureDate>2009-09-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Harbinger Holdings, LLC (+), By: /s/ Philip Falcone</signatureName>
        <signatureDate>2009-09-10</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Philip Falcone(+)</signatureName>
        <signatureDate>2009-09-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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