Titan Aviation Leasing (Titan), the joint venture between Titan Aviation Holdings, Inc., a subsidiary of Atlas Air Worldwide, and Bain Capital, has announced the acquisition of one Boeing 777-300ER aircraft.

The aircraft, manufacturer serial number (MSN) 61735, is currently on long-term lease to Philippine Airlines, the flag carrier of the Philippines. Titan will manage the asset.

The acquisition advances Titan’s long-haul widebody strategy and supports growth in markets where demand for efficient, high-capacity aircraft remains strong.

By acquiring an in-service aircraft on lease to Philippine Airlines, Titan adds durable cash flows and deepens its presence in the Asia-Pacific region.

Eamonn Forbes, chief commercial officer, of Titan, said: “This transaction reflects Titan’s disciplined capital deployment strategy while enhancing geographic and customer diversification.”

READ MORE NEWS: AerFin takes delivery of second B777-300ER previously operated by JAL