GECAS (GE Capital Aviation Services) signed an agreement with Boeing converting 11 737-800 Boeing Converted Freighter (BCF) options to firm orders and adding nine additional options to the GECAS Cargo order book.
This agreement marks a repeat order by the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] for the 737-800BCF, bringing their total orderbook for the type to 74 (60 firm and 14 options) since the narrowbody conversion program was announced in 2016. The 20 in this agreement are scheduled to complete conversions between 2022 and 2024.
“We are very pleased to expand our orderbook for the 737-800BCF with Boeing,” said Richard Greener, SVP and Manager, GECAS Cargo, adding “The versatility and reliability of these freighters is appealing to our air cargo customers, not to mention the greater efficiency, lower operational costs and better environmental credentials for the growing express and E commerce cargo market.”
To date, Boeing has delivered 23 of the converted 737-800 next-generation (NG) freighters to GECAS for its leasing customers. The 737-800BCF carries more payload – up to 23.9 tonnes (52,800 lbs) – and has longer range – 2,000 nmi (3,750 km) than other standard-body freighters – providing capability to open new markets. The 737-800BCF freighter also offers operators newer technology, lower fuel consumption and better reliability than standard-body freighters. Its primary use is carrying express cargo on domestic / short haul routes.
“It is an honor to extend our strong partnership with GECAS as they place their third repeat order for the 737-800BCF. GECAS is renowned for providing great freighter solutions and this order is another testament to the 737-800BCF’s ability to extend the life of an airplane and help cargo carriers reduce operating costs,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing, The Boeing Company. “The marketplace continues to prove that the 737-800BCF is the ideal standard body freighter to meet the growing demand in e-commerce and express cargo today and in the future.”
Boeing is the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. As a top U.S. exporter, the company supports commercial and government customers in more than 150 countries. Building on a legacy of aerospace leadership, Boeing continues to lead in technology and innovation, deliver for its customers and invest in its people and future growth.
GECAS Cargo has more than 25 years’ experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 80 successful conversions. This announcement brings our orders and options for converted cargo aircraft to more than 100. A leader in the leasing sector for P2F aircraft, GECAS Cargo was the launch customer for both the Boeing and AEI Aeronautical Engineers 737-800 conversion programs, providing the prototype aircraft for each program.