Atlas purchases three B777Fs for Titan

Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating solutions, confirmed completion of previously announced agreements to acquire three B777 Freighters for its dry-leasing subsidiary, Titan Aviation.


Atlas purchases three B777Fs for Titan


Atlas Air Worldwide, a leading global provider of outsourced aircraft and aviation operating solutions, confirmed completion of previously announced agreements to acquire three B777 Freighters for its dry-leasing subsidiary, Titan Aviation. The 2011-vintage aircraft were acquired from affiliates of Guggenheim Aviation Partners and are currently on long-term lease to a European express carrier.

“The purchase of these 777 freighters significantly enhances our position in an attractive aircraft type and is consistent with our strategy of investing in new technology that creates superior value for our customers,” said William J.

Flynn, president and CEO, Atlas Air Worldwide. “The six 777s now in our fleet represent an important part of our plan to grow Titan’s dry-leasing platform through selective investments in aircraft with existing leases that support leading operators in the airfreight industry. While Titan is principally a cargo aircraft dry lessor, its portfolio includes passenger narrow-body aircraft, engines and related equipment. It also provides customers expertise in asset management, passenger-to-freighter conversion, and other technical services,” he added.