GECAS orders 35 737-800 Boeing Converted Freighters

victoria@aviationnews-online.com
By victoria@aviationnews-online.com July 17, 2018 17:10

GECAS orders 35 737-800 Boeing Converted Freighters

GE Capital Aviation Services (GECAS) has reached an agreement for 35 additional 737-800 Boeing Converted Freighters at the 2018 Farnborough International Airshow.

The deal, which includes 20 firm orders and an option for 15 more, would take GECAS’ 737-800BCF order book from 15 to 50 and enable GECAS to serve the growing express air cargo market.

“This order and future commitment with Boeing reflects the confidence GECAS has in the 737-800BCF to replace and grow the narrow body freighter market,” said Richard Greener, senior vice president and manager GECAS Cargo Aircraft Group, adding, “With total firm and option aircraft commitments now at fifty 737-800BCFs, GECAS will commit nearly $1.5 billion worth of 737-800s with conversions to the narrow body freighter sector.”

The commercial aircraft leasing and financing arm of General Electric is the launch customer of the new 737-800BCF. It took delivery of the first converted jet in April and leased it to a Swedish cargo carrier.

“The 737-800BCF is a great example of how Boeing’s Global Services’ business can extend the life of an airplane with new technology and help operators reduce their operating costs,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for The Boeing Company. “We are delighted that GECAS intends to commit to a big repeat order for the airplane. We look forward to finalizing this deal and adding to their world-class portfolio.”

This agreement, which is subject to GECAS board approval, would take the total commitments for the 737-800BCF program to 80 from more than half a dozen customers.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com July 17, 2018 17:10