BBAM Orders an Additional 12 737-800 Boeing Converted Freighters
Aircraft lessor BBAM has ordered an additional 12 737-800 Boeing Converted Freighters, increasing their orders and commitments for the type to 31 aircraft. In total, the 737-800BCF has received over 200 orders and commitments from more than 16 customers.
On Monday (July 12, 2021), Boeing announced that aircraft lessor BBAM Limiter Partnership (BBAM) has placed an order for 12 737-800 Boeing Converted Freighters (737-800BCF), expanding their order and commitment total to 31 of the aircraft type. BBAM will be the first customer to have the 737-800BCF converted at Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA), a Costa Rica-based MRO provider. Last May, Boeing announced that they would open two conversion lines at COOPESA in 2022.
In Monday’s announcement, BBAM’s CEO, Steve Zissis, said,
“The Boeing Converted Freighter program is extending the life and enhancing the value of the 737-800s in our fleet. We are growing our Boeing order book to meet the strong demand we see worldwide for narrow body freighters, and we are proud to be the launch customer for the conversion lines at COOPESA.”
Boeing’s Freighter Conversions Director, Jens Steinhagen, 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.”
In a separate deal last January, BBAM placed six firm orders and six options for the 737-800BCF. To date, Boeing has won over 200 orders from 16 customers for the aircraft type.
BBAM is the largest manager of investments in leased commercial jet aircraft in the world, with over 500 aircraft under management. The company serves more than 200 airline customers in over 50 countries with fleet and financing solutions. For over 30 years, BBAM has focused exclusively on generating returns for third-party investors and currently has over $28 billion of assets under management. Headquartered in San Francisco, BBAM employs more than 150 professionals and maintains offices in New York, London, Tokyo, Singapore, Zurich, Dublin and Santiago.
Boeing (NYSE:BA) is the world’s largest aerospace company and leading supplier of commercial airplanes, defense, space and security systems, as well as global services. The aerospace giant tops the list of the largest U.S. exporters, providing a significant positive impact to America’s annual GDP. Boeing supports government and commercial customers in over 150 countries and employs more than 160,000 team members worldwide. As Boeing continues to deliver for customers, they are committed to their legacy of aerospace leadership in technology and innovation and will continue investing in their people for future growth.