Titan Aviation Leasing Announces the Sale of Two Boeing 737-800SF Aircraft to ST Engineering
- Joe Breitfeller
- 10 minutes ago
- 2 min read
Atlas Air Worldwide has today announced that Titan Aviation Leasing has completed the sale of two Boeing 737-800SF Aircraft to ST Engineering.
On Wednesday (November 12, 2025), Titan Aviation Leasing, the joint venture between Titan Aviation Holdings, Inc., a subsidiary of Atlas Air Worldwide and Bain Capital, announced the sale of two Boeing 737-800SF aircraft to ST Engineering. Singapore-based ST Engineering is a leading global technology, defense and engineering group. The aircraft are currently on long-term lease to Georgian Airlines and ASL Airlines. This sale will enable Titan to redeploy capital from mature assets to new aircraft acquisitions while the aircraft remain on lease to established operators, maintaining cash flow continuity and delivering risk-adjusted returns to shareholders. This strategy allows the company to balance near-term returns with long-term growth.
In Wednesday’s announcement, ST Engineering’s Head of Aircraft Leasing, Ramesh Krishna, said,
“Our collaboration with Titan adds two important lessees and narrowbody 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.”
Also commenting on the sales transaction, Titan Aviation Leasing’s Chief Commercial Officer, Eamonn Forbes, said,
“This transaction demonstrates our disciplined approach to capital allocation,” said Eamonn Forbes, Chief Commercial Officer, Titan Aviation Leasing. “Selling in-service aircraft to a strategic partner like ST Engineering allows us to realize value while ensuring continuity for our airline customers. It also positions us to pursue accretive growth opportunities in a market where demand for modern freighter capacity continues to outpace supply.”
Atlas Air Worldwide’s CEO, Michael Steen, said,
“This sale is a testament to Titan’s versatile asset management model. It reflects our proven ability to collaborate with industry leaders and generate value throughout the freighter lifecycle.”
Titan Aviation Leasing is a freighter-centric leasing company that provides dry leasing solutions to airlines worldwide. The carrier’s fleet of cargo aircraft supports customers, including international flag carriers, express operators, e-commerce providers, and regional and domestic airlines. Titan Aviation Leasing’s airfreight expertise and innovative asset management solutions help customers quickly ramp up their aviation operations while minimizing capital investment.
White Plains, New York-based Atlas Air Worldwide is a leading global provider of third-party aircraft and aviation operating services. Company subsidiaries include Atlas Air 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