Air Atlanta Icelandic (CC, Reykjavik Keflavik) has lost a contract with Malaysia Airlines (MH/Kuala Lumpur Intl) to provide B747-200F freighters to Southern Air (9S/Hartford). It has retired all but two B747-200F freighters that are currently wet-leased to Cargolux (CV/Luxembourg) and Saudi Arabian Airlines (SV/Jeddah).