Tag Archives: GECAS

Boeing delivers the first 737-800BCF to GECAS and West Atlantic

Boeing on April 19 announced the delivery of the first 737-800 Boeing Converted Freighter (BCF). The first customer is GE Capital Aviation Services (GECAS) and the freighter will be operated by West Atlantic Group, based in Sweden.

West Atlantic will receive four 737-800 aircraft within the next 11 months and, once delivered, the company will operate 23 Boeing 737 freighter aircraft.

Boeing’s Current Market Outlook forecasts that over the next 20 years, customers will need more than 1,100 standard-body converted freighters.

Through its freighter conversion program, Boeing transitions passenger airplanes into freighters, extending the service life of the airplane. The 737-800BCF carries more payload – up to 23.9 tonnes (52,800 lbs) – and has longer range – 2,000 nautical miles (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 other standard-body freighters. It primarily will be used to carry express cargo on domestic / short haul routes.

For the 737-800BCF, Boeing has received 45 orders and commitments, from seven customers including: YTO Airlines, based in Hangzhou, China; China Postal Airlines, based in Beijing, China; GECAS, based in Ireland; Air Algerie, based in Algiers, Algeria; LAS Cargo, based in Bogota, Colombia; Cargo Air, based in Sophia, Bulgaria ; and an unannounced customer.

Twelve pallet positions provide 4,993 cubic feet (141.4 cubic meters) of cargo space on the main deck of the 737-800BCF. This will be supplemented by two lower-lobe compartments, combined providing more than 1,540 cubic feet (43.7 cubic meters) of space for revenue-generating cargo.

Existing passenger airplanes will be modified at select facilities located near conversion demand, including Boeing Shanghai Aviation Services Co. Ltd., and Taikoo (Shandong) Aircraft Engineering Co. Ltd., also known as STAECO, in China. Modifications include installing a large main-deck cargo door, a cargo-handling system and accommodations for up to four non-flying crew members or passengers.

Photo: Boeing.

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GECAS leases 12 Boeing 737 MAX 8s to Jet Airways

GECAS has committed to lease twelve Boeing 737-8 MAX 8s to Jet Airways (India) Limited with deliveries commencing from June 12, 2018 and continuing into 2020.

Six of these MAX aircraft will be from GECAS’ skyline order while the other six are from sale and lease back transactions from Jet Airways’ order book. The new technology aircraft are fitted with CFM-LEAP-1B27 engines.

Image: GECAS.

GECAS to lease Ethiopian Airlines the first two AEI-converted 737-800 freighters

Ethiopian Cargo and Logistics Services, a division of the Ethiopian Airlines Group, has committed to lease the first two Boeing 737-800 freighters (737-800SF) converted by Aeronautical Engineers, Inc. (AEI) from GECAS, with the first delivery expected in June of 2018, followed by a second in January of 2019.

 

Ethiopian Cargo and Logistics provides airport–to–airport services across a network of over 91 destinations on both freighter and belly hold services (including both direct service and arranged connection flights).  It is also the largest network cargo operator in Africa. With six 777 and two 757 Freighters serving 39 cargo destinations in Africa, the Middle East, Asia the America’s and Europe, Ethiopian’s state-of-the-art cargo terminal delivers an annual capacity of one million tons with services that range from general cargo to special cargo (including perishable, valuable or dangerous goods, live animals and mail & courier).

The AEI converted freighter accommodates eleven full height containers plus one AEP/AEH, a main deck payload of up to 52,000 lb (23,587 kg) and has AEI’s hydraulically-operated cargo door, offering numerous key features to cargo operators.

Image: GECAS.

GECAS takes delivery of its 394th – and last – Next-Generation Boeing 737

GECAS issued this statement:

Culminating a 20-year history of new orders for the type, GECAS has received its 394th and final skyline order of Boeing’s Next Generation 737. Just over a month prior to Boeing delivering its first 737 MAX to GECAS in January, the lessor took delivery of its final skyline NG order last week.

GECAS 7378NG

With an initial order placed in 1996, GECAS’ NG orderbook accounts for roughly one of every 15 NGs delivered to date. Surpassing other lessor’s skyline orders for the type, GECAS’ placements of NG’s have been leased to 64 operators across 32 countries. Exclusively powered by CFM-56 engines, the narrowbody has served the airline industry for decades and is ideally suited for both commercial passenger and cargo aircraft.

In addition to new orders, GECAS has also provided new aircraft lease financing on an additional ~270 737NGs to customers around the world.

GECAS currently has 170 737 MAX airplanes on order, with the first delivery scheduled for January 2018.

Image: Boeing.

West Atlantic to lease four 737-800 Boeing Converted Freighters from GECAS

West Atlantic Airlines, a European dedicated cargo airline specializing in mail and express freight, has agreed to lease four Boeing 737-800 Freighters from GE Capital Aviation Services (GECAS). The airline will be the first operator to take delivery of the Boeing standard-body converted freighter. GECAS launched the program and provided the prototype aircraft to Boeing in 2016.

The first aircraft is currently undergoing the conversion at Boeing’s modification facility in Shanghai, with subsequent aircraft delivering in 2018 and 2019. This order will provide additional capacity to West Atlantic’s existing fleet of more than 50 freighters.

With 55 years of operating experience and detailed knowledge of the requirements of the express package and mail industries, West Atlantic is a proven supplier of custom-made capacity solutions throughout the EMEA region.

“GECAS is proud to provide these 737-800 converted freighters to West Atlantic,” stated Richard Greener, GECAS’ SVP & Manager Cargo, noting “transitioning into the Next Generation 737 is a logical step as West Atlantic defines its future fleet requirements.”

The 737-800 Boeing Converted Freighter will be equipped with CFM56-7B engines, and carries up to 23.9 tonnes of cargo with 12 main deck positions over 2,000 nautical miles and is an exceptionally cost-effective standard-body freighter.

Image: GECAS.

GECAS orders 20 Boeing 737 MAX 10s

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Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric [NYSE: GE], today announced an order for 20 737 MAX 10s at the Paris Air Show, converting 20 of its current MAX orders to the larger MAX 10.

GECAS has 170 737 MAX airplanes on order, the largest of any aircraft leasing company.

Like all of Boeing’s 737 MAX models, the MAX 10 incorporates the latest technology CFM International LEAP-1B engines, Advanced Technology winglets, the Boeing Sky Interior, large flight deck displays, and other improvements to deliver the highest efficiency, reliability and passenger comfort in the single-aisle market.

The 737 MAX is the fastest-selling airplane in Boeing history.

Finnair sells and leases back two Airbus A350-900s with GECAS

First Airbus A350 in Oneworld livery

Finnair (Helsinki) has entered into a memorandum of understanding (MOU) with GE Capital Aviation Services Limited (GECAS), on the sale and leaseback of two Airbus A350-900 aircraft. The financing will cover Finnair’s 6th and 7th A350 deliveries, which are currently scheduled to enter the Finnair fleet in July 2016 and February 2017, respectively. The value of the transaction at present foreign exchange rates is approximately 265 million euro. The lease period is 12 years, and it includes extension options.

Finnair has ordered a total of 19 new A350-900 XWB aircraft in the fleet or on order. Finnair took delivery of its first A350 aircraft (OH-LWA) on October 7, 2015 and the second (OH-LWB, above) on December 14, 2015. According to the currently anticipated delivery schedule, Finnair will have five A350-900 aircraft at the beginning of the second quarter of 2016, seven by the end of 2016, 11 by the end of 2017, and 19 by the end of 2023.

Disclosures on financing arrangements for the A350 aircraft will be made as those agreements are finalized. Finnair’s fleet consists of both owned and leased aircraft.

Copyright Photo: Eurospot/AirlinersGallery.com. The second Finnair Airbus A350-941 (OH-LWB, msn 019) is also the first A350 to appear in the oneworld special livery.

Finnair aircraft slide show: AG Airline Slide Show

AG Prints-6 Sizes and 4 Finishes