Titan Aviation and Amerijet ink long-term dry lease agreements for B757 aircraft

Aircraft manufacturers Features Airlines

April 7, 2022

Titan Aircraft Investments, the joint venture between Titan Aviation Holdings and Bain Capital Credit, have announced the placement of 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 Holdings, 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,” said Michael Steen, president and CEO of Titan Aviation Holdings and chief commercial officer of Atlas Air Worldwide.

“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, Florida,” said Tim Strauss, Amerijet’s CEO.

Titan Aviation Holdings 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. The long-term joint venture capitalizes on demand for cargo aircraft, underpinned by robust e-commerce and express market growth.

Under the joint venture, Titan provides aircraft- and lease-management services.

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.