-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 FZgXgH6tZ9HdFw4nz0AMBlFfPWvajTN7jMmVLPYwv0KHQRjpmmbsa4/BPp0ULU47
 eBw8diU1MjeQHuCFnIt+/A==

<SEC-DOCUMENT>0000919574-09-004729.txt : 20090306
<SEC-HEADER>0000919574-09-004729.hdr.sgml : 20090306
<ACCEPTANCE-DATETIME>20090306163745
ACCESSION NUMBER:		0000919574-09-004729
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090304
FILED AS OF DATE:		20090306
DATE AS OF CHANGE:		20090306

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARBERT RAYMOND J
		CENTRAL INDEX KEY:			0001233571

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		09663334

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		205-987-5500

	MAIL ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			LUCE MICHAEL D
		CENTRAL INDEX KEY:			0001233573

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		09663333

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		205-987-5500

	MAIL ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

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:			HMC - NEW YORK, INC.
		CENTRAL INDEX KEY:			0001371519

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		09663335

	BUSINESS ADDRESS:	
		STREET 1:		555 MADISON AVENUE
		STREET 2:		16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-521-6970

	MAIL ADDRESS:	
		STREET 1:		555 MADISON AVENUE
		STREET 2:		16TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HMC INVESTORS, L.L.C.
		CENTRAL INDEX KEY:			0001233566

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		09663336

	BUSINESS ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203
		BUSINESS PHONE:		205-987-5500

	MAIL ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203

	FORMER NAME:	
		FORMER CONFORMED NAME:	HMC INVESTORS LLC
		DATE OF NAME CHANGE:	20030516

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			HARBERT MANAGEMENT CORP
		CENTRAL INDEX KEY:			0001259933

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16545
		FILM NUMBER:		09663337

	BUSINESS ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203
		BUSINESS PHONE:		205-987-5500

	MAIL ADDRESS:	
		STREET 1:		2100 THIRD AVENUE NORTH
		STREET 2:		SUITE 600
		CITY:			BIRMINGHAM
		STATE:			AL
		ZIP:			35203
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>p969375_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-03-04</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001259933</rptOwnerCik>
            <rptOwnerName>HARBERT MANAGEMENT CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2100 THIRD AVENUE NORTH</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 600</rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</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>0001233566</rptOwnerCik>
            <rptOwnerName>HMC INVESTORS, L.L.C.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2100 THIRD AVENUE NORTH</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 600</rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</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>0001371519</rptOwnerCik>
            <rptOwnerName>HMC - NEW YORK, INC.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>555 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>16TH FLOOR</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>0001233571</rptOwnerCik>
            <rptOwnerName>HARBERT RAYMOND J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2100 THIRD AVENUE NORTH</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 600</rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</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>0001233573</rptOwnerCik>
            <rptOwnerName>LUCE MICHAEL D</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2100 THIRD AVENUE NORTH</rptOwnerStreet1>
            <rptOwnerStreet2>SUITE 600</rptOwnerStreet2>
            <rptOwnerCity>BIRMINGHAM</rptOwnerCity>
            <rptOwnerState>AL</rptOwnerState>
            <rptOwnerZipCode>35203</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>2009-03-04</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
                <footnoteId id="F1"/>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>8406290</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">As a result of the transfer of certain management agreements and related transactions entered into by the Reporting Persons
 effective as of March 4, 2009, the Reporting Persons no longer have indirect beneficial ownership of the shares previously
 reported  to be indirectly beneficially owned by the Reporting Persons as set forth on previous Form 4 filings.</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>Harbert Management Corporation(+), By: /s/ Joel B. Piassick</signatureName>
        <signatureDate>2009-03-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>HMC Investors, L.L.C.(+), By: /s/ Joel B. Piassick</signatureName>
        <signatureDate>2009-03-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>HMC-New York, Inc.(+), By: /s/ Joel B. Piassick</signatureName>
        <signatureDate>2009-03-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Raymond J. Harbert(+)</signatureName>
        <signatureDate>2009-03-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Michael D. Luce(+)</signatureName>
        <signatureDate>2009-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----