Titan adds two 777 Freighters
January 31, 2025
Titan Aircraft Investments, the joint venture between Titan and Bain Capital, has acquired two Boeing 777 Freighters, which are currently leased to Ethiopian Airlines.
The aircraft, purchased from Carlyle Aviation Partners, will support Ethiopian’s cargo operations as demand for airfreight continues to grow, Titan said.
The company, which is itself a subsidiary of Atlas Air, will manage the aircraft as part of its portfolio of cargo aircraft.
Formed in 2019, the Titan-Bain Capital joint venture aims to build a $1 billion freighter leasing business, capitalising on the rise of e-commerce and express cargo demand.
“We are excited to add these two Boeing 777 Freighters to Titan’s fleet through this acquisition, which aligns with our ongoing strategy to expand our freighter portfolio and meet the increasing demand for airfreight services,” said Eamonn Forbes, SVP and chief commercial officer of Titan Asset Management Ireland Limited.
“The 777 offers superior payload capacity and fuel efficiency, which will support the evolving needs of customers, particularly across international borders and high-demand cargo routes. We are also proud to expand our strong partnership with Ethiopian Airlines by providing them with the latest generation of freighter aircraft.
“We greatly appreciate Carlyle Aviation Partners for their exceptional work on this transaction. Their professionalism, expertise, and collaborative approach were pivotal in ensuring a smooth and successful acquisition process.”
