Titan Aviation Leasing, the joint venture between Titan Aviation Holdings, Inc. (a subsidiary of Atlas Air Worldwide) and Bain Capital, has announced the sale of two Boeing 737-800SF aircraft to ST Engineering. Both aircraft remain on long-term lease, one to Georgian Airlines and the other to ASL Airlines, ensuring operational continuity throughout the transaction.
The sale forms part of Titan’s broader capital-allocation strategy, allowing the company to redeploy funds from mature assets into newer aircraft acquisitions. By divesting older or mid-life aircraft while maintaining lease placements with established operators, Titan preserves a stable cash-flow profile and continues to deliver risk-adjusted returns to its shareholders. This approach enables the company to balance immediate earnings with future expansion, supporting a measured portfolio-growth model amid evolving market conditions.
The transaction also reflects rising demand for narrow-body freighters, particularly as e-commerce activity and regional cargo networks continue to expand. With the 737-800SF now firmly established as a preferred aircraft type for express and short-haul freight operators, company’s such as ST Engineering are increasing their exposure to the segment. The company has been building a portfolio of next-generation, fuel-efficient freighters to enhance its long-term market position and maintain operational flexibility.
“Our collaboration with Titan adds two important lessees and narrow-body freighters as we continue to build up our portfolio of next-generation green freighter aircraft, underscoring our commitment to maintaining fleet flexibility and creating long-term value in a dynamic cargo market,” said Ramesh Krishna, Head of Aircraft Leasing at Aviation Asset Management, ST Engineering.
