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Titan Aircraft Investments Inks Long-Term Placement of B737-800SF With Georgian Airlines

Titan Aircraft Investments, a subsidiary of Atlas Air Worldwide, has today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease placement with Tblisi-based Georgian Airlines.

Titan Aviation Holdings Places One Boeing 737-800SF on Long-Term Dry Lease Placement With Georgian Airlines - Courtesy Georgian Airlines/Atlas Air Worldwide

On Thursday (December 15, 2022), Atlas Air Worldwide announced that their Titan Aircraft Investments subsidiary has placed one Boeing 737-800SF on long-term dry lease with Georgian Airlines. Established in 2020, and commencing operations in 2022, Tbilisi-based Georgian Airlines offers regular and charter cargo flights across Europe, the Baltics, Caucasus, Black Sea Region, the Middle East and Southern Asia. The carrier currently operates one Boeing 737-800BCF (Boeing Converted Freighter) and one 737-SF.

In Thursday’s announcement, Titan Aviation Holdings’ President and CEO, and Atlas Air Worldwide’s Chief Commercial Officer, Michael Steen, said,

“We are delighted to welcome Georgian Airlines and appreciate their trust in Titan as we support their growing business.”

Also commenting on the dry lease placement, Georgian Airlines’ General Director, Irakli Mezrishvili, said,

“As we expand in the airfreight market, we are honored to partner with Titan Aircraft Investments to bring more air cargo capacity to the region with the addition of the 737-800 freighter. We look forward to a strong partnership with Titan’s excellent team as they help us meet market demand and capitalize on cargo flows between Asia and Europe.”

Purchase, New York-based Atlas Air Worldwide Holdings, Inc. (NASDAQ: AAWW) is a leading global provider of third-party aircraft and aviation operating services. Company subsidiaries include Atlas Air, Southern Air Holdings and Titan Aviation Holdings. Additionally, the company owns a majority stake in Polar Air Cargo Worldwide. Together, the Atlas Air family of companies operate the world’s largest Boeing 747 Freighter fleet. The company also offers their customers a wide selection of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.

Source: Atlas Air Worldwide


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