Titan Aviation Leasing, a subsidiary of Atlas Air Worldwide, and Bain Capital have closed Titan Aircraft Investments II, DAC (TAI 2), a new freighter aircraft investment platform backed by a US$410 million capital commitment.

TAI 2 launches with funding from Bain Capital and Atlas, expanding their joint venture aimed at providing adaptable freighter leasing options across global markets.

Building on the strong performance of Titan Aircraft Investments I, Ltd. (TAI 1), which was established in 2019 and launched with US$400 million in initial capital commitments, TAI 2 represents a milestone expansion of the freighter leasing platform to meet sustained global demand for dedicated cargo aircraft.

TAI 1 targeted long-term deployment of US$1 billion in assets.

Since TAI 1's inception, Titan Aviation Leasing has acquired 19 aircraft across 11 lessees worldwide, capitalizing on secular demand for cargo aircraft driven by robust e-commerce growth.

The announcement noted that Titan Aviation Leasing will continue to provide comprehensive aircraft and lease management services across both portfolios, leveraging its deep cargo aviation expertise to support a growing and diversified customer base.

"The successful deployment of TAI 1 has demonstrated the strength of our partnership with Bain Capital and Atlas, and the critical role Titan plays in delivering efficient, flexible freighter leasing solutions," said Eamonn Forbes, senior vice president and chief commercial officer, Titan Aviation Leasing.

"We are excited to scale this platform further with TAI 2 and continue supporting the evolving needs of the global air cargo industry."

Michael Steen, chief executive officer, Atlas Air Worldwide, noted that this expanded platform underscores the company's commitment to the freighter leasing sector and to building long-term solutions for its customers.

Matthew Evans, a partner at Bain Capital, said, "We are proud to deepen our partnership with Titan and Atlas as we expand our platform to meet the increasingly complex demands of global cargo supply chains."

"By leveraging our combined expertise with the ability to act quickly and efficiently in a continually evolving market, we are well-positioned to continue delivering flexible, high-impact solutions that help freight operators around the world meet their diverse financing needs."