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Titan Airways Ltd

Titan Airways Ltd

Investment type Smaller minority investments
Status Current investment

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Titan was established in 1988 to provide an on-demand passenger and freight charter service, based from Stansted airport.

It has grown rapidly and operates 8 aircraft which are used for long-term freight contracts at night for the Royal Mail, which underpins the company’s operations. During the day, the aircraft are converted for ad-hoc passenger charters and corporate hospitality work which is high margin, and generates the majority of the company’s profitability.

Titan makes most of its money by providing an overflow capacity to the larger airlines – indeed it offers a service whereby a plane can be fully staffed and in the air within an hour of the customer order. Demand comes when airlines have technical problems with their own aircraft, when planes are delayed in overseas airports or are put out of service through unscheduled maintenance. In those circumstances, customers have an immediate need for Titan’s services, where time is an issue.