Quite plausible...tho Titan was formed in 1988 two years before the unfortunate accident & I cannot at the moment remember if there was a different prefix on startup or perhaps they used his initials to start.
I have learnt today tho that Titan was named for its first a/c the Cessna 404 Titan, notwithstanding what I posted earlier that the globe on the side of the a/c with the old livery represented the largest moon of Saturn which it certainly did.
I believe that that then was an association gift literally from the gods as probably the Voyager spacecraft had just transmitted back great photos of Titan on it`s flyby of the moons of Saturn back in the day.