Bain invests in Atlas’ leasing business to launch cargo JV

Titan Aviation Holdings, the leasing subsidiary of Atlas Air Worldwide, and Bain Capital Credit today announced plans to establish a joint venture to develop a freighter aircraft leasing portfolio with a valuation of approximately $1 billion. Both companies will provide equity capital, with Bain and Titan initially contributing $360 million and $40 million, respectively. Long-term, […]

Sun Country Air to operate ten 737-800BCFs for Amazon

Minneapolis-based low-cost carrier Sun Country Air has agreed to operate ten 737-800BCFs on a CMI-basis for Amazon for a period of six years. The carrier will become Amazon’s third ACMI operator in the United States after Air Transport Services Group and Atlas Air Worldwide Holdings. Amazon will lease all ten 737-800BCFs from GECAS, and transfer […]

New Vietnamese decree renders conversions unlikely

When a new Vietnamese law goes into effect on Jan. 1, 2020, the country’s carriers will find it much harder to dry-lease and operate their own freighter-converted aircraft. Decree No. 89/2019/ND-CP adds a new article governing the age of used aircraft imported into Vietnam. While passenger aircraft cannot be older than 10 if they are […]

Grounded IAI-converted 737Fs returning to service following approval of interim fix

On Dec. 11, Israel Aerospace Industries (IAI) informed operators of a manufacturing noncompliance issue with the rigid barrier (9G) systems installed on some IAI-converted 737s freighter causing operators to temporarily ground up to 40 aircraft. On Friday, the Federal Aviation Administration (FAA) issued an Airworthiness Directive (AD) approving an interim fix and by Saturday, some […]

17 Asia-Pacific fleet additions in 2019

Earlier this week, we looked at how the freighter fleet in mainland China has grown in 2019. As the year draws to a close, here’s an overview of the seventeen freighter aircraft that were added to carriers based elsewhere in the Asia-Pacific region over the course of the year. [Note: for the purposes of this […]

Swiftair’s Cygnus Air adds first of three planned 757-200PCFs from Jetran

Spain-based Swiftair added a 757-200PCF this week (24613, ex-American Airlines) following conversion to freighter configuration by Precision Aircraft Solutions at Flightstar Aircraft Services in Jacksonville, Florida.  [FATs 00525-005259]. The aircraft was the first of three Swiftair-bound conversions ordered by Jetran and will be operating for Swiftair’s affiliate carrier, Cygnus Air, which the company acquired last […]

Grounding of IAI-converted 737s extends to 737-700s

The rigid barrier irregularity discovered by Israel Aerospace Industries (IAI), which led to Australian carrier Qantas grounding its four converted 737-300 freighters, affects more than just -300BDSFs. Alaska Airlines has also grounded its fleet of three 737-700BDSFs, which it received in 2017 and 2018. IAI told Cargo Facts that approximately 40 aircraft in total are […]

Qantas grounds 737-300F fleet, manages to secure lost capacity in midst of peak

Qantas Airways grounded four 737-300BDSFs (23478, 23486, 23488 and 23490) today after Israel Aerospace Industries informed operators of an ‘apparent irregularity’ with the rigid barrier systems installed on some of its 737 Classic conversion aircraft. Although details regarding the issue are slim, IAI promised a quick fix. The company is currently working with the Civil […]
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