Titan Aviation Leasing, the joint venture between Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide, and Bain Capital, acquired two converted Airbus A330-300 passenger-to-freighter (P2F) aircraft (MSN 1789 and 1712), powered by Rolls Royce engines, from Airbus Financial Services. Both aircraft are now on long-term lease with mas, a cargo carrier based in Mexico. Titan will manage the freighter assets.
“The addition of the A330-300P2F represents an exciting milestone for Titan as we diversify our portfolio with versatile solutions tailored to customer growth,” Eamonn Forbes, chief commercial officer of Titan Aviation Leasing, said. “We are delighted to partner with mas as they scale their widebody cargo operations, and we greatly appreciate the Airbus team’s professionalism and collaboration throughout this transaction.”
Michael Steen, CEO of Atlas Air Worldwide, said, “This transaction highlights Titan’s ability to deliver innovative and flexible fleet solutions that support the growth of our customers. These aircraft will play an important role in meeting rising global air cargo demand and further demonstrate the scale and capabilities of our TAI 2 platform.”
Robert van de Weg, CEO of mas, said, “We have been working closely with Airbus Financial Services, Rolls Royce and Titan to make this arrangement a reality and we look forward to working together with the Titan team for many years to come. We have a strong belief that the A330-300P2F will continue to create value for our customers and that they will be an essential part of our fleet going forward.”
Francois Collet, head of trading and structured finance at Airbus, said, “Airbus is pleased to announce the successful closing of an A330-300P2F transaction with Titan. The transaction is a result of a great team effort and highlights the excellent relationship between Airbus, Titan, mas and Rolls-Royce. This deal leverages Titan’s leasing and freight market expertise to support mas, an important and growing Airbus customer and underscores the shared commitment to advancing the A330-300P2F program and providing innovative solutions to the freight market.”
