AIRBORNE ASSETS

L’Imad mulls bidding for stake in cargo giant Atlas Air Worldwide

A deal with Atlas would expand L’Imad’s transport and logistics holdings as the UAE develops trade routes that bypass the Strait of Hormuz

William WEST / AFP via Getty Images

An Atlas Air Boeing 747 cargo plane

Abu Dhabi sovereign wealth fund L’Imad Holding is considering a bid for a stake in Atlas Air Worldwide, one of the world’s largest air cargo operators.

The Purchase, N.Y based company, which is owned by an Apollo Global...