BBAM Limited Partnership (BBAM), a world leader in aircraft leasing, and Elbe Flugzeugwerke (EFW), a joint venture of ST Engineering and Airbus, announced today an agreement for Airbus A320/A321 Passenger-to-Freighter (P2F) orders including options. The new orders by BBAM bring the total number of its A320/A321P2F to no less than 20, with the conversions to be carried out by EFW through 2025. The agreement comes with the option to add new conversion slots every year starting in 2026.
BBAM has ordered new A321P2F freighter conversions from EFW
In January this year, BBAM announced the delivery of the world’s first Airbus A321P2F on lease to Titan Airways.
The Airbus A320/A321P2F is a technological breakthrough given that it is the first in its size category to offer containerized loading in both the main deck (up to 14 full container positions) and lower deck (up to 10 container positions). EFW’s A320/A321P2F solution, which comes with optimized weight distribution to enable random loading even on empty flights, as well as a payload-range capability of more than 28 metric tons, accords high flexibility for operators, in particular express carriers. Being the only OEM solution for the Airbus A320/A321P2F conversion in the market also ensures that EFW’s program has greater lifecycle value and superiority in quality, reliability and ease of maintenance.
A321P2F converted by Elbe Flugzeugwerke for BBAM in operation with Titan Airways, Source: Titan Airways
Boeing and BBAM Limited Partnership have announced the lessor is expanding its 737-800 Boeing Converted Freighter fleet with six firm orders and six options. The agreement brings BBAM’s 737-800BCF orders and commitments to 15 and highlights the continued strength of the e-commerce and express cargo market.
Based on the popular Next-Generation 737, the 737-800BCF is meeting customer demand for a newer-generation freighter that offers higher reliability and lower fuel consumption and operating costs per trip compared to other standard body freighters. Primarily used to carry express cargo on domestic or short-haul routes, the airplane is capable of carrying up to 23.9 tonnes (52,800 pounds) and flying up to 2,025 nautical miles (3,750 kilometers). Since entering service in 2018, the 737-800BCF has won more than 150 orders and commitments.
BBAM is the world’s largest dedicated manager of investments in leased commercial jet aircraft, providing over 200 airline customers in more than 50 countries with fleet and financing solutions over the last three decades. BBAM is the only manager in the aircraft leasing industry focused exclusively on generating investment returns for third-party investors. BBAM currently has more than $28 billion of assets under management and employs over 150 professionals at its headquarters in San Francisco and in additional offices in Tokyo, Singapore, Zurich, Dublin and Santiago.
FLY Leasing Limited (BBAM) (Dublin) has announced that it has agreed to sell eight of the 11 Boeing 757 aircraft in its fleet. The sales are expected to close by the end of 2015.