Former Polar Air Cargo exec pleads guilty to wire fraud

Capt. John

A former vice president at Polar Air Cargo pleaded guilty last week to participating in a scheme to defraud the company of $52 million for more than a decade. Six of nine individuals charged in the plot have presented guilty pleas so far.

Polar Air Cargo is a joint venture between privately held Atlas Air Worldwide and DHL Express. According to aircraft database, the airline has a fleet of 15 large Boeing cargo jets: six 747-8s, two 767-300s and seven 777s.

Carlton Llewellyn,...

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.