AerCap Signs Lease Agreements with JD Airlines for Four 737-800 Boeing Converted Freighters
Rhea-AI Summary
AerCap Holdings announced lease agreements for four 737-800 Boeing Converted Freighter (BCF) aircraft with JD Airlines, a subsidiary of JD Logistics.
The aircraft are scheduled for delivery in 2024 and will operate from Nantong Xingdong International Airport, connecting major economic hubs in China and across Asia.
This agreement expands AerCap's existing relationship with JD Airlines, which currently leases three 737-800 BCF aircraft from AerCap.
AerCap Cargo, with over 30 years in freighter leasing and more than 100 successful Passenger-to-Freighter conversions, emphasizes the importance of this agreement in meeting the increasing demand for e-commerce and express deliveries.
Positive
- AerCap expands its relationship with JD Airlines by adding four 737-800 BCF aircraft.
- The new aircraft will support JD Airlines in meeting growing e-commerce and express delivery demand.
- Delivery of aircraft scheduled for 2024, indicating future revenue streams.
- AerCap Cargo has over 30 years of experience and more than 100 successful freighter conversions, showcasing industry leadership.
Negative
- The announcement could lead to increased operational costs for AerCap due to the new lease agreements.
- No specific financial terms disclosed, creating uncertainty regarding the profitability of the agreement.
- Potential risks associated with the dependency on JD Airlines' performance and e-commerce market stability.
News Market Reaction – AER
On the day this news was published, AER gained 0.97%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The aircraft will be operated on behalf of JD Logistics, the subsidiary of JD.com, a leading supply chain-based technology and service provider in
AerCap currently has three 737-800BCF aircraft on lease to JD Airlines.
Commenting on the agreement, Rich Greener, the Head of AerCap Cargo, said, "We are delighted to announce this new agreement with JD Airlines, marking an exciting expansion of our business relationship. The addition of these four 737-800BCF aircraft to their fleet will enable JD Airlines to respond to the ever-growing demand for e-commerce and express deliveries. We wish the JD Airlines team continued success and look forward to many more years of successful collaboration."
AerCap Cargo has more than 30 years' experience in freighter leasing, including Passenger-to-Freighter (P2F) conversions, with more than 100 successful conversions.
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in
Forward-Looking Statements
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For more information regarding AerCap and to be added to our email distribution list, please visit www.aercap.com.
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SOURCE AerCap Holdings N.V.
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