Freight Aircraft Finance Germany orders two Boeing 737-800 freighters

U.S.-American aircraft manufacturer Boeing and Aircraft Finance Germany (AFG) have signed a deal for the purchase of two Boeing 737-800 converted freighters. This order comes in response to the strong short and long-term need for express cargo capacity.

As aircraft trading company, AFG is seeking to find a new customer for the two aircraft. The Boeing 737-800BCF is product offered by Boeing that sees a normal passenger 737-800 being converted to a freighter aircraft.

Peter Koster, AFG’s Head of Freighter Trading commented on the deal: “We are always looking for the best way to invest and deploy aircraft that support our customers [...] The 737-800BCF gives us the opportunity to serve a growing market with a workhorse that can reliably and efficiently fit into most operators’ fleets.”

Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing added: “Aircraft Finance Germany is known for creating bespoke solutions that allow their customers to win in a dynamic market. We are pleased that they are investing in the 737-800BCF [...] The 737-800BCF capitalizes on the Next-Generation 737’s efficiency and unmatched reliability and the converted freighter program is a great way to extend the life of the platform.”

The aircraft is capable of carrying up to 23.9 tons of cargo while flying up to 2,000 nautical miles (3,750km). Currently, Boeing has delivered a total of 34 737-800BCFs to ten customers across four continents. In response to the increased cargo demand, Boeing ramped up the production. Currently, 132 aircraft are still on order. The first BCF 737-800 was delivered back in 2018.

With the 737-800BCF, Boeing wanted to implement a modern aircraft with low operating costs and efficient operations to a cargo market, where mainly older aircraft are being used. The aircraft is based on the popular Next-Generation 737 and was mainly designed for domestic or short haul routes.

AFG is one of the largest companies for aircraft trading. The company has developed strategic partnerships with manufacturers, financial institutions and operators. AFG mainly works on acquiring and selling aircraft, as well as structuring long-term aircraft leases and financing.