Freighter aircraft leasing part II: E-commerce behind growing leasing market

Last week, we began our two-part annual analysis of the increasingly complex world of freighter aircraft leasing. In part I, we started with an overview of how the freighter fleet belonging to lessors has evolved since our analysis a year ago. In part II, we consider the leased fleet by carrier, and how year-over-year shifts […]

• Jeff Lee
• July 19, 2019

KLM Cargo rejigs flight schedule after flap incident grounds 747F

A KLM Cargo 747-400ERF (33694) is grounded in Harare (HRE) after a flap section separated from its wing during approach. The carrier told Cargo Facts that the aircraft will be repaired in HRE and is expected to be back in service on July 25. Unit 33694 was also involved in a ground incident in Dar-es-Salaam […]

• Jeff Lee
• July 17, 2019

Qantas looks to replace aging 737-300SFs

Australian carrier Qantas Freight is currently planning the renewal of its narrowbody freighter jet fleet, consisting of four 737-300SFs (23478, 23486, 23488 and 23490) and one 737-400SF (24796). While the company didn’t specify which types are being considered, it confirmed to Cargo Facts that the older of its 737-300SFs “will start to be replaced over […]

• Jeff Lee
• July 5, 2019

Freighter aircraft transactions through June

Every week in Cargo Facts Update, we include a list of recent freighter aircraft transactions, and then a comprehensive summary in the monthly issue of Cargo Facts. Each reference to a freighter aircraft transaction (FAT) in our publications contains a unique FAT code linked to the FAT database on the CargoFacts.com website. This database is […]

• Caryn Livingston
• July 4, 2019

Flynn retiring as Atlas CEO, with Dietrich to assume the role in 2020

Today, Atlas Air Worldwide Holdings announced that President and Chief Executive Officer William Flynn will retire from the company at the end of this year. Flynn will become chairman of the board upon his retirement.   Atlas’ current Executive Vice President and Chief Operating Officer, John Dietrich, will take Flynn’s place. Dietrich has been appointed president of the company effective immediately and will assume Flynn’s CEO role […]

• Brianne Ledda
• July 2, 2019

KLM leases Atlas Air 747 to cover maintenance, incident at Dar-es-Salaam

One of KLM Cargo’s 747-400ERFs (33694) is grounded at Schiphol (AMS) after having been involved in a ground incident at Dar-es-Salaam (DAR) last week. Air France KLM Martinair Cargo confirmed to Cargo Facts that the aircraft is expected to be out of service until 1 July. Coincidentally, the carrier said that it had already arranged […]

• Jeff Lee
• June 26, 2019

Amazon commits to 15 more 737-800BCFs, GECAS confirms role as lessor

Amazon confirmed plans to lease fifteen additional 737-800BCFs from GECAS, to be delivered by 2021, in an agreement announced today at the Paris Air Show [FATs 004971-4985]. These fifteen units are in addition to the five 737-800BCFs Amazon has already secured, and has contracted Atlas-affiliate Southern Air to operate on a CMI basis by year-end […]

• Charles Kauffman and Jeff Lee
• June 18, 2019

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 […]

• Charles Kauffman and Jeff Lee
• June 17, 2019