Titan Aircraft Investments and Georgian Airlines confirm long-term lease deal for a Boeing 737

Titan Aircraft Investments today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc, will manage this asset.

“We are delighted to welcome Georgian Airlines and appreciate their trust in Titan as we support their growing business,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.

“As we expand in the airfreight market, we are honoured to partner with Titan Aircraft Investments to bring more air cargo capacity to the region with the addition of the 737-800 freighter. We look forward to a strong partnership with Titan’s excellent team as they help us meet market demand and capitalize on cargo flows between Asia and Europe,” said Irakli Mezvrishvili, General Director of Georgian Airlines LLC.

Georgian Airlines is a fast-growing and development-oriented company established in 2020. The cargo carrier commenced operations in February 2022. The operating range includes air cargo transportation by charter and regular flights across Europe, Baltics, Caucasus, Black Sea Region, the Middle East, Eastern, and Southern Asia. Currently, Georgian Airlines operates one 737-800BCF and one 737-800SF. With its headquarters in Georgia in the Caucasus and the Black Sea region, a key transit and trade corridor for Eurasian countries, Georgian Airlines supports the country's potential to become an important hub for the aviation industry.

Titan Aviation Holdings is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.

Titan Aircraft Investments and ASL Aviation Holdings confirm long-term dry lease deal for Boeing 737-800SF aircraft

Titan Aircraft Investments, the joint venture between Titan Aviation Holdings, Inc. and Bain Capital Credit, have this week confirmed the placement of a Boeing 737-800SF converted freighter on a long-term dry lease with ASL Aviation Holdings. Titan Aviation Holdings will manage the aircraft for ASL.

“We are honoured that ASL has placed its trust in Titan and we look forward to growing our new partnership in the future,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.

Fergus Wilson, ASL Aviation Holding’s Group Fleet and Leasing Director, said: “We are looking forward to this B737-800SF entering service with ASL in the coming weeks and to a successful business relationship with Titan. The aircraft’s arrival will mark another step forward in ASL’s fleet renewal program which has already seen our 737-800NG fleet outgrow our 737 classic fleet.”

Titan Aviation Holdings is a subsidiary of Atlas Air Worldwide and is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. Titan’s fleet of cargo aircraft support customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic carriers. Titan’s deep airfreight domain expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment. Since its inception in 2009, Titan has grown to become the third largest freighter lessor globally by fleet value, owning and/or managing 38 aircraft on lease to customers worldwide with a book value of over $2.0 billion.

An older ASL 737                                                                                                                               Photo ASL