Business

October 4, 2013

Boeing completes MD-11 freighter transition to AV Cargo

boeing-MD11
Boeing announced Oct. 1 that its aircraft leasing unit, Boeing Capital Corporation, has completed transition of two MD-11 Boeing converted freighters on multi-year leases to U.K.-managed AV Cargo, which has begun service from the operator’s base in Liege, Belgium, on routes primarily to West Africa.

Boeing delivered the first of the cargo trijets to the operator in May 2013. The second aircraft began revenue service recently.

AV Cargo will operate its MD-11 freighters into key Africa cities including Lagos, Nigeria; Bamako, Mali; Entebbe, Uganda; Port Harcourt, Nigeria; Pointe-Noire, Republic of the Congo; Freetown, Sierra Leone; and Pemba Island.

Originally MD-11 passenger aircraft, the BCFs feature an updated flight deck and cargo-handling system, better fuel efficiency and increased operating capabilities. The two aircraft wear the distinctive white- and blue-tipped tail livery of the new carrier, the successor to the former Avient Ltd.

Overall, Boeing has converted more than 100 MD-11s to freighters.

“MD-11 freighter conversion is a great move in terms of the aircraft’s residual value that appeals to aircraft investors,” said Frank Duckstein, Boeing Capital senior director of asset management. “Conversion extends the aircraft’s useful life beyond its passenger service and, thanks to the superior economics and operating performance, it allows us to place into service a good cargo asset despite a soft market.”

Neil Glover, AV Cargo managing director and co-founder, said: “This second delivery is an important milestone in our strategic business plan that will allow us to further penetrate and optimize our planned scheduled services, providing us with the necessary redundancy to ensure our customers with frequent and reliable services.” “The MD-11 is the natural and logical choice to serve our niche market needs in the 65-95 tonne payload range, operating into some of the smaller and performance-challenging airports within Africa that preclude most other aircraft. The ergonomics combined with the current lease opportunities provide us with a real competitive advantage,” Glover said.

Simon Clark, AV Cargo chief executive officer, said the operator’s third MD-11 is expected to enter service in early 2014.

“It will reinforce our schedules services and significantly increase our ad-hoc charter capacity and complete phase 1 of our business plan,” Clarke said.

The MD-11 freighter is the leader in the 90-ton freighter class, with 175 aircraft in active service with cargo operators and freight forwarders worldwide including FedEx, UPS and Lufthansa.




All of this week's top headlines to your email every Friday.


 
 

 

Headlines April 17, 2015

News: Army extends benefits to Hood shooting victims¬†- The Army will provide “all possible benefits” to victims of the 2009 Fort Hood shooting who recently were awarded the Purple Heart, the service announced April 16.   Business: Rolls-Royce lands biggest deal in its 109-year history¬†- U.K. engineering company Rolls-Royce has won the largest order in...
 
 

News Briefs April 17, 2015

Army orders financial benefits for 2009 Fort Hood victims Dozens of soldiers and surviving family members of the 2009 Fort Hood, Texas, shooting are receiving additional Army pay that they felt was long overdue. The announcement from Army Sec. John McHugh April 16 comes a week after 36 Purple Hearts were awarded to victims and...
 
 
NASA illustration

NASA awards radiation challenge winners, launches next round

NASA illustration This illustration depicts our heliosphere, showing the approximate locations of Voyager 1 and Voyager 2 spacecraft. Galactic cosmic rays originate outside the heliosphere and stream in uniformly from all direc...
 

 

U.S. Air Force completes operational testing on Raytheon’s MALD-J

Raytheon and the U.S. Air Force successfully completed operational tests of Miniature Air Launched Decoy-Jammer, satisfying all requirements to attain Initial Operational Capability. “MALD-J’s unique capabilities have been proven in 42 successful flight tests during the last two years and brought us closer to full rate production,” said Mike Jarrett, vice president of Raytheon...
 
 

Northrop Grumman to expand North Dakota presence

In partnership with local leadership, Northrop Grumman confirmed its dedication to the future of unmanned systems development in the Red River Valley region by signing a lease agreement to anchor the new Grand Sky Technology Park in Grand Forks County. Northrop Grumman is working to identify specialized opportunities for the Grand Sky facility. The opportunities,...
 
 

Raytheon awarded more than $2 billion for an International Patriot system

Raytheon announced April 17 it has been awarded a contract worth over $2.0 billion to deliver the combat-proven Patriot Air and Missile Defense System to an undisclosed international customer. The contract, awarded April 2, 2015, and booked in the second quarter as a direct commercial sale, includes fully digitized new-production Patriot fire units with the...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>