Freight BBAM orders three converted 737-800s on Singapore Airshow 2020

On Singapore Airshow 2020, Boeing was able to announce a commitment from BBAM to purchase three 737-800 converted freighters.

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BBAM, the leasing company with the largest fleets of 737 aircraft, has chosen to purchase three Boeing Converted Freighters (BCF) on Singapore Airshow 2020. This order is the conclusion of the ever-growing e-commerce and express sector of the air cargo market.

“Through the Boeing freighter conversion program, these 737-800s will continue to deliver value for our customers and investors for many years to come,” said Steve Zissis, president and CEO of BBAM. “The 737-800 is an integral part of BBAM’s managed fleet of commercial passenger jet aircraft, and we see strong interest from our customers in the standard-body freighter. We chose Boeing’s conversion program because we believe it maximizes the platform’s capability and reliability.”

Ihssane Mounir, Boeing’s senior vice president of Commercial Sales and Marketing added: “BBAM is one of the world’s leading leasing companies, known for their smart approach to investment. We are delighted that BBAM has selected the Boeing Converted Freighter program to extend the life of their Next-Generation 737s and capture a new market opportunity in the years ahead [...] This agreement shows how we can serve our customers by delivering efficient and reliable airplanes and a portfolio of services that extracts value throughout the life of those jets.”

Boeing´s 737-800BCF is built on the Next-Generation 737 platform and can carrier up to 52,800 pounds of payload. Boeing introduced the aircraft type in 2018. Since then, the manufacturer has received around 130 orders and commitments.

In the future, Boeing sees strong demand for freighters. The manufacturer released, that it expects 2,820 freighters to enter the global fleet to meet market in the coming years. Over this development, Boeing is also considering a 737-800BCF production line at Guangzhou Aircraft Maintenance Engineering Company Ltd. (GAMECO) this summer.

“Passenger-to-freighter conversions give us the opportunity to demonstrate our skill and expertise,” said GAMECO General Manager Norbert Marx. “Boeing Converted Freighters are the market leader – we are proud to partner with Boeing on this program.”

BBAM is the world´s largest manager of investments in leased commercial jet aircraft. Its clientele consists of 200 customers from more than 50 countries around the world. The company currently employs more than 150 personnel at its headquarters in San Francisco.

Source © boeing.mediaroom.com

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