Titan Aviation Investments Places 3 Boeing 757 Aircraft with Amerijet
APR 11, 2022 - 6:24 am
Titan Aircraft Investments, a joint venture between Titan Aviation and Bain Capital Credit, placed three Boeing 757-200SF converted freighters on long-term dry leases with Amerijet International to support its network in Central America and the Caribbean. Titan Aviation, a subsidiary of Atlas Air Worldwide Holdings, will manage these assets.
“We are delighted to welcome Amerijet as a strategic customer and to support its long-term expansion plans. This partnership underscores the trust our customers have in Titan’s expertise in freighters,” Michael Steen, president and CEO of Titan Aviation and chief commercial officer of Atlas Air Worldwide, said.
“I’m incredibly proud of our employees who worked tirelessly to bring the B757 project to fruition. These aircraft will be a wonderful addition to our fleet, giving us a platform for continued growth as we approach 50 years of continuous service from our home base in Miami, FL,” Tim Strauss, CEO of Amerijet, said.
Titan Aviation and Bain Capital Credit formed a long-term joint venture in 2019 to develop a diversified freighter aircraft leasing portfolio with an anticipated value of approximately $1 billion. Under the joint venture, Titan Aviation provides aircraft and lease management services.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Monitor’s fourth annual women in equipment finance list highlights notable women within the industry that have been nominated by our readers and hand-selected by Monitor’s staff and editorial board. Here are this year’s honorees: Maryellen Barbarish Mithu Bhargava Hollis Bufferd... read more
The Convention that (Almost) Didn’t Happen The Equipment Leasing and Finance Association’s 61st Annual Convention was one that almost didn’t happen this year. Originally set to take place on Marco Island, FL, Hurricane Ian changed those plans and caused the... read more