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Titan announces purchase from Icelandair


Titan announces purchase from Icelandair
Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, today announced the acquisition of two 767-300ER aircraft from Icelandair.
These aircraft will be converted to freighters and placed on long-term leases to Icelandair. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage these assets.
Michael T. Steen, President and Chief Executive Officer of Titan Aviation Holdings, said “We are delighted to welcome Icelandair as a strategic customer and to support their long-term expansion plans. The 767-300ER is a very attractive medium-sized freighter and we are excited to manage these two aircraft on behalf of the joint venture. We currently own 21 767-300ER freighters, which provide us with extensive experience in this aircraft type.” ....

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