BBAM is looking to enlarge its presence in the new-generation narrowbody conversion market and will continue to convert A321-200s and 737-800s into freighters.
The lessor and aircraft manager, which at the beginning of the year placed its first two A321-200P2Fs with U.K.-based Titan Airways, told Cargo Facts that it intends to grow its A321P2F portfolio “very significantly over the coming years” and has committed to “a significant number of slots.”
BBAM said it has already begun allocating A321 feedstock to conversion slots, but did not specify when those slots will be.
At the same time, BBAM also said that it has committed a “significant number” of 737-800s to conversion slots with Boeing, including some in 2021.
BBAM announced a top-up order for six 737-800BCF conversions and six options in January 2021, adding to a February 2020 order for three 737-800BCFs. BBAM confirmed to Cargo Facts that the first two aircraft from that announcement are currently in service with China Central Longhao Airlines (28608, ex-Air Italy) and Malaysia-based World Cargo Airlines (29052, ex-Aeromexico), respectively, and that the third will complete conversion in 2021.
While many lessors and managers have joined the growing backlogs for both A321 and 737NG conversions, BBAM remains the only one Cargo Facts is aware of so far to have commitments for both types.
BBAM initially stepped into 737-800BCFs in 2019, when it converted and leased two units (30786 and 30787, both ex-China Southern) to China Postal Airlines; BBAM confirmed that it recently sold those two aircraft to ICBC Aviation Leasing, a wholly owned subsidiary of the state-owned The Industrial and Commercial Bank of China.
Units 30786 and 30787 are the first 737-800BCFs for ICBC Aviation Leasing, which did not respond to a request for comment.
BBAM’s portfolio includes fifty-nine A321-200s and 127 737-800s, according to its website, although it is unclear how many of those are suitable for conversion.
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