Titan Aircraft Investments Awarded Freighter Finance Deal of the Year by Airline Economics

Titan PlaneAirline Economics, the publication dedicated to the commercial aviation finance and leasing industry recently announced the winners of its tenth anniversary Aviation 100 Deals of the Year Awards 2021.

Titan Aircraft Investments Ltd., a joint venture of Titan Aviation Holdings, Inc. subsidiary and Bain Capital Credit, won “Freighter Finance Deal of the Year” for its US $300 million warehouse financing agreement with a subsidiary of Caisse de dépôt et placement du Québec (CDPQ), a global institutional investor, and BNP Paribas as joint lead arrangers and lenders. The warehouse facility provides debt capital to finance the acquisition of freighter aircraft leases by Titan Aircraft Investments. The deal was announced jointly in November 2020.

“We are grateful for this award and industry recognition as we continue expanding our asset portfolio,” said Michael Steen, Chief Commercial Officer of Atlas Air Worldwide and President and Chief Executive Officer of Titan Aviation Holdings.

“Judging the Aviation 100 Deals of the Year awards is always a challenge,” said Victoria Tozer-Pennington, editor and co-founder of Airline Economics. “But this year has been much more difficult due to the sheer volume of aviation finance transactions closed in 2020 as airlines and lessors found ever-more innovative ways of raising much-needed liquidity in a stressed environment. The deals we have selected in our annual awards reflect the hard work and creativity of the aviation finance community.”

To see the full list, click here.