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Aircraft lessor BBAM Limited is expanding its 737-800 Boeing Converted Freighter fleet with 12 additional firm orders.
The agreement between Boeing and BBAM 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.
San Fransico based 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, Boeing announced it would open two conversion lines at COOPESA in 2022.
In a separate deal announced in January, BBAM placed six firm orders and six options for the 737-800BCF.
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 over 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.