Aircraft lessor BBAM Limited Partnership (BBAM) is expanding its 737-800 Boeing Converted Freighter (BCF) fleet with 12 additional firm orders. The agreement brings BBAM’s 737-800BCF orders and commitments to 31 as e-commerce and express cargo markets continue to drive strong customer demand for freighters.
BBAM will be the first customer to have a 737-800BCF converted at Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA), a Costa Rica-based maintenance, repair, and overhaul (MRO) provider. In May 2021, Boeing announced it would open two conversion lines at COOPESA in 2022.
“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 CEO 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 2021, BBAM placed six firm orders and six options for the 737-800BCF.
“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,” said Jens Steinhagen, director of Boeing freighter conversions.
The 737-800BCF has won more than 200 orders and commitments from 16 customers.
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 during the last three decades, and the only significant manager in sector focused exclusively on generating investment returns on third party capital. With more than 500 aircraft under management, BBAM employs over 150 professionals at its headquarters in San Francisco and offices around the world, located in New York, London, Tokyo, Singapore, Zurich, Dublin and Santiago. BBAM is a full-service lessor and maintains its own in-house capabilities encompassing aircraft origination, disposition, lease marketing, technical maintenance, regulatory compliance, capital markets activity, tax structuring, legal, contracts and finance, for all asset types and strategies.