Atlas Air Worldwide Dry-leasing Unit Buys Boeing 777 Freighter - InvestingChannel

Atlas Air Worldwide Dry-leasing Unit Buys Boeing 777 Freighter

Titan Aviation, a dry-leasing unit of Atlas Air Worldwide Holdings, Inc. (AAWW: Quote) Monday announced acquisition of a Boeing 777 Freighter.

The deal strengthens Titan’s dry-leasing platform through selective investments in aircraft with existing leases that support leading operators in the airfreight industry.

The aircraft is currently on long-term lease to a German cargo airline AeroLogic GmbH and a joint venture of DHL Express and Lufthansa Cargo AG.

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by RTT Staff Writer

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