AerSale swoops on 24 B757s as it eyes cargo conversions

By Damian Brett

Lessor and MRO firm AerSale has entered into a purchase agreement to acquire 24 Boeing 757-200 passenger aircraft that it will convert into freighters.

AerSale, which offers and array of aviation services including conversions, said it had targeted Boeing 757 passenger aircraft as feedstock “for a burgeoning freight market”.

“Pre-Covid, more freight was carried in the cargo holds of passenger aircraft than in pure freighters. As a result of the reduced demand for passenger air travel and the concurrent explosive growth of the e-commerce market, there is a supply shortage of dedicated freighter aircraft for the foreseeable future,” stated Craig Wright, AerSale’s president of aircraft and engine management.

“The Rolls-Royce powered 757 is the optimal narrow-body freighter aircraft to service this need, and our team will be converting these aircraft to freighters at our Goodyear Facility,” added Bob Nichols, AerSale’s executive chairman.

A portion of this 757 fleet and spare engines will be disassembled for their component parts, which the industry refers to as USM (used serviceable material).

Share this story

Related Topics

Latest acquisitions news

SEKO looks to acquisitions following investment

By Damian Brett

SEKO Logistics is targeting additional acquisitions, technology development and growth in key geographies after securing investment from Ridgemont Equity Partners….

Read More

Share this story

CEVA continues expansion in Africa with another investment

By Damian Brett

CEVA Logistics has continued its “strategic” African expansion with an investment in a Moroccan freight forwarder. The freight forwarder today…

Read More

Share this story

CEVA rebrands recent African acquisition

CEVA Logistics has completed the rebranding of its summer 2020 acquisitions in Africa, with AMI and MANICA becoming CEVA Logistics…

Read More

Share this story