Titan Aircraft Investments and Georgian Airlines have announced a long-term agreement for a Boeing 737

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Titan Aircraft Investments has announced the placement of one Boeing 737-800SF converted freighter on long-term dry lease with Georgian Airlines to support its network.

Titan Aviation Holdings, a subsidiary of Atlas Air Worldwide Holdings Inc. (NASDAQ: AAWW), will manage this asset.

Read more: Titan Aviation and Amerijet ink long-term dry lease agreements for B757 aircraft

“We are delighted to welcome Georgian Airlines and appreciate their trust in Titan as we support their growing business,” Michael Steen, President and Chief Executive Officer of Titan Aviation Holdings and Chief Commercial Officer of Atlas Air Worldwide, said.

Read more: Atlas Air Worldwide orders four new Boeing 777 freighters

“As we expand in the airfreight market, we are honored to partner with Titan Aircraft Investments to bring more air cargo capacity to the region with the addition of the 737-800 freighter. We look forward to a strong partnership with Titan’s excellent team as they help us meet market demand and capitalize on cargo flows between Asia and Europe,” Irakli Mezvrishvili, General Director of Georgian Airlines LLC, said.