February 16, 2025
Ethiopian Airlines Acquires Two Leased Boeing 777 Freighters

Ethiopian Airlines Acquires Two Leased Boeing 777 Freighters

Ethiopian Airlines strengthens its cargo operations with the addition of two leased Boeing 777 freighters from Titan Aircraft Investments.
An Ethiopian Cargo freighter in flight
Photo Credit: Titan Aircraft Investments

Ethiopian Airlines, a dominant force in African aviation, is strengthening its cargo operations with the addition of two Boeing 777 Freighters.

This new acquisition, facilitated by Titan Aircraft Investments, a joint venture between Titan Aviation Holdings and Bain Capital, signals the airline’s response to meeting the growing global demand for airfreight capacity.

The two aircraft (MSN 42033 and 42034) were acquired from Carlyle Aviation Partners, the aviation investment arm of Carlyle’s Global Credit platform. Titan, a subsidiary of Atlas Air Worldwide Holdings, will manage these aircraft assets.

Solidifying Position on Long-Haul Cargo Routes


This strategic move allows Ethiopian Airlines to further solidify its position as a leading cargo carrier, particularly on long-haul routes. The Boeing 777 Freighter boasts an impressive payload capacity and fuel efficiency. This makes it an ideal aircraft for the long-haul transport of goods across continents.

These characteristics are crucial for Ethiopian Airlines as it navigates the rise in international trade. The additional aircraft cater to the increasing demands of the e-commerce boom. The acquisition not only enhances the airline’s capacity but also its operational efficiency. It will allow for faster and more cost-effective delivery of goods.

Ethiopian Airlines has consistently demonstrated its resilience and adaptability in the face of industry challenges. From its humble beginnings, it has grown into a pan-African aviation giant, connecting the continent to the world.

The airline’s modern fleet and extensive network play a vital role in facilitating trade, tourism, and cultural exchange. Its commitment to investing in technology and infrastructure is evidenced by this freighter acquisition.

The move positions it for continued growth and success in the competitive aviation landscape. Beyond its commercial endeavors, Ethiopian Airlines also plays a crucial role in humanitarian efforts. The carrier is often transporting essential goods and aid to communities in need.

The Surge in E-Commerce


The acquisition by Titan Aircraft Investments reflects a broader trend in the aviation industry. The surge in e-commerce and the increasing need for efficient cargo transportation has driven the move.

Eamonn Forbes, Senior Vice President and Chief Commercial Officer of Titan Asset Management Ireland Limited gave comment. He emphasized the strategic importance of this acquisition.

Forbes highlighted the 777 Freighter’s superior capabilities and the company’s commitment to supporting its customers. He also acknowledged the smooth and successful transaction facilitated by Carlyle Aviation Partners.

The Titan Aircraft Investments joint venture, formed in 2019, aims to build a substantial freighter aircraft leasing portfolio.

This partnership between Titan Aviation Holdings and Bain Capital, with Atlas Air Worldwide Holdings holding a 10% stake, is capitalizing on the robust growth of the cargo market.

This latest acquisition reinforces the airline’s dedication to providing world-class cargo services. It also highlights the growing importance of air freight in the global economy and the strategic investments being made to meet this increasing demand.

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