BBAM Limited Partnership (BBAM) has placed a firm order for twelve 737 Boeing Converted Freighters (BCF), bringing the lessor’s 737-800BCF order and commitment count to 31 as increasingly active e-commerce and express cargo markets continue to drive strong demand for freighters.
Under the deal, BBAM will become the first customer to have a 737-800BCF converted at Cooperativa Autogestionaria de Servicios Aeroindustriales (COOPESA), a Costa Rica-based MRO provider. In May, 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, BBAM placed a firm order for six 737-800BCFs along with options for another six.
“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.
Boeing has won orders and commitments for more than 200 737-800BCFs from 16 customers.
BBAM lays claim as the world’s largest dedicated manager of investments in leased commercial jet aircraft and the only “significant” manager in a sector focused exclusively on generating investment returns on third-party capital. Maintaining its headquarters in San Francisco and field offices in New York, London, Tokyo, Singapore, Zurich, Dublin, and Santiago, BBAM maintains in-house capabilities encompassing aircraft origination, disposition, lease marketing, technical maintenance, regulatory compliance, capital markets activity, tax structuring, legal, contracts, and finance.