Titan Aircraft Investments has entered a long-term dry lease agreement with Ethiopian Airlines for three Boeing 767 freighter aircraft, enhancing Ethiopian's cargo capacity and supporting its expansion strategy.

Target Information

Titan Aircraft Investments, a joint venture formed between Titan Aviation Holdings, Inc. and Bain Capital Credit, has announced a significant long-term dry lease agreement with Ethiopian Airlines Group for three Boeing 767 freighter aircraft. This partnership is expected to bolster Ethiopian Airlines' expanding freighter fleet, with the first aircraft being delivered this month, the second later this year, and the third anticipated for delivery in 2023.

With the addition of these leased aircraft, Titan Aircraft Investments will now manage a fleet of 10 freighter aircraft, five of which are Boeing 767 converted units. The provision of these aircraft underscores Titan's commitment to supporting Ethiopian Airlines, a prominent player in the global air cargo sector.

Industry Overview in Ethiopia

Ethiopia's aviation industry has been on a remarkable trajectory of growth, spearheaded by Ethiopian Airlines, which has emerged as the leading carrier in Africa. The airline operates a mode