GA Telesis (GAT) places four additional firm orders for B737-800SF freighter conversions with Aeronautical Engineers, Inc. (AEI).
The contract was undertaken by GAT’s LIFT (Leasing, Investments, Finance & Trading) Group subsidiary. The first of the two originally contracted passenger-to-freighter (P2F) conversions was completed in March and delivered to Ethiopian Airlines. The second freighter is expected to be completed in May 2021.
The additional order is comprised of three conversion slots in the second half of 2021, with the remaining conversion slot reserved for early 2022. All work will be performed by the AEI Conversion Center, Commercial Jet, in Dothan, Alabama.
LIFT will continue to evaluate additional B737SF slots and other freighter aircraft models to support the global air cargo industry’s expanding main deck freighter needs, the company says.
“We are very pleased with the response from the air cargo market since signing our initial commitment almost a year ago, and we will continue to invest in our conversion strategy to support cargo airlines worldwide,” says Marc Cho, president of the LIFT Group.
“The Asset Transaction Group (ATG) continues to see multiple opportunities to grow our 737-800SF portfolio, and the GA Telesis Ecosystem continues to deliver value across the platform that differentiates us from other freight lessors,” notes David Ellis, senior vice president, ATG.
“Our ability to provide spares support, engine, APU, leasing, and contributions from our various MROs add significant value to our customers, beyond what many of our competitors can offer,” Ellis adds.
GA Telesis is a provider of integrated services in the commercial aviation industry. Through the GA Telesis Ecosystem, the company provides solutions for its customers across six continents.
The company’s global operations encompass leasing/financing, component solutions, and MRO Services business units for landing gear, component/composite, and turbine engine repair, as well as digital solutions.
LIFT is GA Telesis’ multi-strategy aviation platform comprised of three operating groups: Asset Transactions (ATG), Capital Management (CMG), and Leveraged Finance (LFG). LIFT specialises in aircraft and engine leasing and trading, asset-based finance, structured credit, investment management, and asset management and remarketing.