Titan Aircraft Investments. today announced the acquisition of two 767-300ER aircraft from Icelandair.

These aircraft will be converted to freighters and placed on long-term leases to Icelandair. Titan Aviation Holdings will manage these assets.

Michael Steen, president and chief executive officer of Titan Aviation Holdings, said: “We are delighted to welcome Icelandair as a strategic customer and to support their long-term expansion plans. The 767-300ER is a very attractive medium-sized freighter and we are excited to manage these two aircraft on behalf of the joint venture. We currently own 21 767-300ER freighters, which provide us with extensive experience in this aircraft type.”

With the addition of these two 767s, Titan Aircraft Investments’ portfolio has grown to three aircraft, which also includes a 777-200 freighter. Titan Aircraft Investments’ aircraft portfolio is managed by Titan Aviation Holdings.

Titan Aviation Holdings has the most diversified and one of the largest freighter portfolios in the world, including 777, 767 and 737 aircraft. Titan Aviation Holdings’ customers include Aerologic, Amazon, China Postal, DHL Express and FedEx, among others.