Titan Aircraft Investments and Georgian Airlines Announce Long-Term Agreement for a Boeing 737 Aircraft

PURCHASE, N.Y., Dec. 15, 2022 -- Titan Aircraft Investments today announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network. Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage this asset.

“We are delighted to welcome Georgian Airlines and appreciate their trust in Titan as we support their growing business,” said Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide.

“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,” said Irakli Mezvrishvili, General Director of Georgian Airlines LLC.