Ethiopian Cargo and Logistics Services, a division of the Ethiopian Airlines Group, has committed to lease the first two Boeing 737-800 freighters (737-800SF) converted by Aeronautical Engineers, Inc. (AEI) from GECAS, with the first delivery expected in June of 2018, followed by a second in January of 2019. “We are excited to take delivery of these first-ever AEI-converted 737-800SFs,” explained Tewolde Gebremariam, Ethiopian Airlines Group CEO, “The aircraft will be … [Read more...] about GECAS to lease Ethiopian Airlines first 2 AEI converted 737-800 freighters
Ethiopian Airlines Cargo
Ethiopian Cargo returns to Brussels with increased flights
Ethiopian Airlines Cargo will return to Brussels Airport in late March after the Belgian Federal Government inked a new bilateral agreement with Ethiopia, enabling the carrier to undertake direct flights from Belgium to Asia and the Middle East. From 26 March, Ethiopian Cargo will undertake 12 weekly freighter flights out of Brussels Airport to Dubai, Shanghai, Guangzhou and Hong Kong. Ethiopian shifted its all of its flights out of Brussels last November after failing to secure a renewal of … [Read more...] about Ethiopian Cargo returns to Brussels with increased flights
Aircraft valuation and conversion economics aligning
The conversion market is shifting. Whereas several years ago airlines held onto productive assets such as the B757, added by the fact original equipment manufacturers (OEMs) were slow to deliver new aircraft, companies that converted aircraft found their feedstock largely unavailable. “This was also a time when air cargo demand was strong,” says Brian C. McCa-for Portland, Oregon-based Precision Conversions. “Consequently, the conversion market was met with not much … [Read more...] about Aircraft valuation and conversion economics aligning
