Aircastle Announces Delivery of First B737-800SF

Rhea-AI Summary

Aircastle Limited announced the delivery of its first B737-800SF aircraft, which underwent a passenger-to-freighter conversion completed by Aeronautical Engineers, Inc. at KF Aerospace in Canada. The converted aircraft has been delivered to Compass Cargo Airlines in Goodyear, Arizona. CEO Michael Inglese expressed satisfaction with this milestone and emphasized the conversion's potential to enhance the mid-life aircraft fleet's value. Aircastle, as of November 30, 2022, managed 250 aircraft leased to 76 customers in 46 countries.

Positive

• Successful delivery of first converted B737-800SF aircraft.
• New partnership established with Compass Cargo Airlines.
• Conversion enhances the value of mid-life aircraft in the fleet.

Negative

• None.

STAMFORD, Conn., Feb. 10, 2023 /PRNewswire/ -- Aircastle Limited ("Aircastle") announced today that it delivered its first B737-800 following its passenger-to-freighter conversion which was completed by Aeronautical Engineers, Inc. ("AEI") at the Kelowna Flightcraft LTD (dba KF Aerospace) facility in Canada. The newly converted B737-800SF was delivered to Compass Cargo Airlines Limited in Goodyear, Arizona.

Michael Inglese, Aircastle's CEO, stated, "We're pleased to celebrate this inaugural delivery and wish to thank AEI and KF Aerospace for their exceptional work on this deal.  We believe this passenger-to-freighter conversion of a B737-800 demonstrates our team's ability to create solutions and maximize the value of the mid-life portion of our narrow-body aircraft fleet." 

Mr. Inglese continued, "We're also excited to build a new relationship with Compass Cargo Airlines Limited and believe the versatility and reliability of the B737-800SF will help them meet the growing demand for express air cargo."

About Aircastle Limited

Aircastle Limited acquires, leases, and sells commercial jet aircraft to airlines throughout the world. As of November 30, 2022, Aircastle owned and managed on behalf of its joint ventures 250 aircraft leased to 76 customers located in 46 countries.

Contacts:

Aircastle Advisor LLC                                                                        

Jim Connelly, SVP ESG & Corporate Communications
Tel: +1-203 504-1871
jconnelly@aircastle.com

 

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SOURCE Aircastle Advisor LLC

FAQ

What did Aircastle announce on February 10, 2023?

Aircastle announced the delivery of its first B737-800SF passenger-to-freighter converted aircraft.

Who completed the conversion of Aircastle's B737-800?

The conversion was completed by Aeronautical Engineers, Inc. at KF Aerospace in Canada.

Who received the first B737-800SF from Aircastle?

Compass Cargo Airlines Limited in Goodyear, Arizona received the first B737-800SF.

How many aircraft does Aircastle manage as of November 30, 2022?

Aircastle managed 250 aircraft leased to 76 customers in 46 countries.

What is the significance of the B737-800SF delivery for Aircastle?

The delivery signifies Aircastle's ability to maximize the value of its mid-life narrow-body aircraft fleet.