BBAM, manager of investments in leased commercial jet aircraft has ordered three 737-800 Boeing Converted Freighters (BCF).
BBAM has provided fleet and financing to over 200 airline customers in more than 50 countries over the last three decades. The 737-800BCF is built on the Next-Generation 737 platform and carries up to 23.9 metric tons of payload.
Since entering service in 2018, the 737-800BCF has won 130 orders and commitments.
BBAM has one of the world’s biggest Next-Generation 737 fleets and has chosen the BCF programme to convert three aircraft in its existing fleet.
“Through the Boeing freighter conversion programme, 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.
Demand for freighters
According to the Boeing Commercial Market Outlook, 2,820 freighters will enter the global fleet to meet market demand, including 1,220 standard-body passenger-to-freighter conversions. Responding to strong market demand, Boeing announced plans to add a 737-800BCF production line at Guangzhou Aircraft Maintenance Engineering Company Ltd. (GAMECO) this summer.
“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 programme to extend the life of their Next-Generation 737s and capture a new market opportunity in the years ahead,” said Ihssane Mounir, Boeing’s senior vice president of commercial sales and marketing.
“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 programme.”
GAMECO, established in October 1989, is a joint venture between China Southern Airlines Co. Ltd. and Hutchison Whampoa from Hong Kong. The company specialises in aircraft and airborne component maintenance, repair and overhaul.
For more information about BBAM, please visit its website at bbam.com.