Boeing (Stand 1200) on November 14, announced that it has secured an order from Icelease to deliver eleven 737-800 Boeing Converted Freighters. Boeing will open three additional freighter conversion lines to meet the demand as it received over 200 orders and commitments from 19 customers.
In 2022, the company aims to open one conversion line at Boeing’s London Gatwick Maintenance, Repair & Overhaul (MRO) facility and two conversion lines in 2023 at KF Aerospace MRO in Kelowna, British Columbia, Canada.
“Building a diverse and global network of conversion facilities is critical to supporting our customers’ growth and meeting regional demand,” said Jens Steinhagen, director of Boeing Converted Freighters.
“KF Aerospace and our Boeing teammates in London Gatwick have the infrastructure, capabilities, and expertise required.”
Icelease marks as the first client for Gatwick-based conversions, which is also the company’s first order for converted freighters from Boeing. The Iceland-based firm has decided to expand its association with Corrum Capital by creating Carolus Cargo Leasing — a new joint venture that will be completely dedicated to cargo aircraft acquisition, conversion, and leasing.
“We look forward to bringing the freighter into our fleet,” said Magnus Stephensen, senior partner at Icelease. He added, “We are confident in the quality and proven record of Boeing’s 737-800 converted freighter and pleased to be the launch customer for their new London MRO facility.” Icelease will fly 737-800 BCF on domestic and short-haul routes.
Boeing anticipates that 1,720 freighter conversions will be needed to meet the demand over the next 20 years, of which 1,200 are of standard-body variants. Of those, European carriers see demand for 20 percent, while 30 percent of demand will come from North America and Latin America.
Separately, DHL Express has also ordered nine more 767-300 Boeing Converted Freighters. Earlier DHL had ordered a batch of eight 767-300BCF, of which it has received seven so far. The received order has been leased to DHL partner airlines in the Middle East and Latin America to strengthen its regional networks.
Geoff Kehr, senior vice president, global air fleet management at DHL Express says: “The additional Boeing 767 freighters are part of our efforts to modernise DHL’s long-haul intercontinental fleet in order to fly eco-friendlier and more cost-efficiently.”
The impact of the announcements will be printed on the dashboard of Quantale as the day proceeds. The social engagement for the stock amongst the users of Twitter and Reddit on the last trading day of the previous week saw a rise of more than 241% combined, whereas a decline of about 2% in the trading volume was observed.
The US Stock Market today for The Boeing Company looks optimistic, as the stock opened its intraday at $227.37 apiece, up $6.41 from its previous day close of $220.96 per share. During the pre-market trading hour, the stock shot up as much as 4%, marking a premarket high of $228.8 apiece.