ASL Aviation Group purchases 737s for freighter conversion

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ASL Aviation Group completed the purchase of three Boeing 737-400 aircraft from the AIRPT 2001-1 ABS portfolio and placed firm orders with Aeronautical Engineers (AEI) for 11-pallet configuration freighter conversions.

The aircraft (MSNs 25181, 25184, 25261) are equipped with CFM International CFM56-3C1 engines.

The aircraft, which are high gross weight models, were built in 1992 and will undergo freighter modification in May and June at AEI's authorized conversion center, Commercial Jet.

The three 737-400s were initially leased in February 1992, March 1992 and October 1992 to Turkish Airlines, had lease expiring in 2008. In September 2007, Turkish Airlines signed five-year lease extension agreements through 2013.

The contracts marks the second time in less than a year that AEI has been commissioned by ASL Aviation Group. Last August ASL Aviation Group acquired Boeing 737-400s from Qantas and selected AEI to provide freighter conversions. The aircraft were built between 1990 and 1993.