GECAS firms up options for 10 737-800BCFs, adds 15 more

GECAS firmed up ten existing options for 737-800BCF conversions and added options for fifteen more in an agreement with Boeing signed today at the Paris Air Show [ FATs 004945-4969 ]. Following today’s deal, GECAS’ orderbook for 737-800BCF conversions stands at forty-five firm, with options for twenty additional conversions. Accounting for GECAS’ latest -800BCF redelivery , the lessor’s firm order backlog stands at thirty-four, following eleven redeliveries to date. This is the third time GECAS has placed orders for -800BCF conversions since the program was announced in 2016. The lessor signed its last deal for more conversions at the 2018 Farnborough International Airshow last year, with an order for twenty firm and fifteen options, for a total of thirty-five firm and fifteen options. Last month, Atlas Air Worldwide ’s subsidiary carrier Southern Air announced it would put at least five 737-800BCFs into service for Amazon on a CMI basis. As part of the agreement with AAWW, Amazon also has options for the CMI lease of up to fifteen more 737-800BCFs by May 2021. Cargo Facts has long believed Amazon would add more than five 737-800BCFs to its Air network and would not be surprised if GECAS’ decision to secure additional conversion slots is linked to future demand from Amazon. Unlike the e-tailer’s 767F fleet, however, which is dry-leased from Atlas and ATSG affiliates, and then handed back to affiliate carriers for CMI operation, the -800BCFs appear to be leased from GECAS, Boeing’s customer for the freighter conversions. GECAS, for its part, has yet to publicly confirm its role in leasing 737Fs to Amazon. With up to 23.9 tonnes of payload, the -800BCF is enabling operators to replace ageing freighters and meet growing demand in the express market. The first frame (32740) was redelivered to West Atlantic last year , on lease from GECAS [FATs 004365-004366]. Subsequent redeliveries have been made to operators including Air Algérie, Atran and ASL Airlines. According to Cargo Facts ’ FAT database, Boeing has redelivered a total of fourteen -800BCFs to date. Apart from the 737-800BCF, for which conversion work is carried out at facilities such as Boeing Shanghai Aviation Services Co. Ltd. and Taikoo (Shandong) Aircraft Engineering Co. Ltd. (STAECO), GECAS also has outstanding orders and options for eighteen 737-800SF conversions from AEI, following redelivery of the first two frames to Ethiopian Airlines earlier this year.

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Boeing redelivers 737-800BCF at Paris Air Show

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Related Posts

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CARGO FACTS CONSULTING

Watch: CFC presents its 20-year freighter forecast

CFC: Revision to key assumption lifts large widebody freighter demand forecast

Follow Us