Titan Aircraft Investments has agreed to purchase two Boeing 767-300ER aircraft from Icelandair which will be converted to freighters and then placed on long-term leases to Icelandair. Titan Aircraft Investments is a joint venture between Titan Aviation Holdings and Bain Capital Credit, while Titan Aviation Holdings, which is a subsidiary of Atlas Air Worldwide Holdings Inc. will manage the aircraft. Titan Aircraft Investments’ portfolio has now grown to three aircraft, which also includes a 777-200 freighter.
Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc.
Icelandair Group operates international and domestic passenger services, an airfreight and logistics business through Icelandair Cargo, as well as aircraft leasing and consulting services through its subsidiary Loftleidir Icelandic.
