Titan Aviation acquires one 777-300ER on lease to Philippine Airlines
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Background ✨
Azorra Aviation previously sold two Boeing 777-300ER aircraft on lease to Philippine Airlines to FPG Amentum1. Avation also agreed to sell a Boeing 777-300ER, currently on lease to Philippine Airlines, with the transaction expected to generate a material profit above book value and release around USD33 million in net cash proceeds for debt reduction and possible reinvestment into narrowbody aircraft assets2.