GECAS Cargo adds 9 additional options to order book

GE Capital Aviation Services (GECAS) has announced it has signed an agreement with Boeing [NYSE: BA] to convert 11 737-800 Boeing Converted Freighter (BCF) options, the company said.

The agreement will firm orders and add nine additional options to the GECAS Cargo order book.

This agreement marks a repeat order by the commercial aircraft leasing and financing arm of General Electric [NYSE: GE] for the 737-800BCF, bringing their total order book for the type to 74 (60 firm and 14 options) since the narrow body conversion program was announced in 2016. The 20 in this agreement are scheduled to complete conversions between 2022 and 2024.

To date, Boeing has delivered 23 of the converted 737-800 next-generation (NG) freighters to GECAS for its leasing customers. The 737-800BCF carries more payload — up to 23.9 tonnes (52,800 lbs) — and has longer range — 2,000 nmi (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 standard-body freighters. Its primary use is carrying express cargo on domestic / short haul routes.

Boeing is an aerospace company and provider of commercial airplanes, defense, space and security systems, and global services.

GECAS Cargo has more than 25 years´ experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 80 conversions.