Lessor BBAM looks to capitalize in ecommerce markets with more freighter conversions
Lessor BBAM has signed up for more B737-800 freighter conversions from Boeing as it looks to capitalize on the strong express and e-commerce markets.
The company recently announced the order of a further 12 B737-800 Boeing Converted Freighters, bringing its total orders and commitments for the aircraft to 31.
The deal also represents the first time that Costa Rica-based MRO COOPESA will convert the model on behalf of Boeing.
“The Boeing Converted Freighter program is extending the life and enhancing the value of the 737-800s in our fleet,” said Steve Zissis, president and chief executive of BBAM.
“We are growing our Boeing order book to meet the strong demand we see worldwide for narrowbody freighters, and we are proud to be the launch customer for the conversion lines at COOPESA.”
In a separate deal announced in January, BBAM placed six firm orders and six options for the 737-800BCF. It was also one of the first companies to sign up for the A321 conversion program.
Jens Steinhagen, director of Boeing freighter conversions, added: “This most recent order underscores the continued strong demand for our market-leading freighter, and we are honored by BBAM’s continued confidence in Boeing.”
The order highlights the growing demand for e-commerce and comes as airlines find themselves with excess aircraft as a result of the Covid-19 outbreak’s impact on passenger travel.