BCC completes MD-11F transition to AV Cargo

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Boeing Capital (BCC) has transitioned another MD-11 Boeing converted freighter (BCF) on a multi-year lease to UK-managed AV Cargo Airlines.

The 1998-vintage aircraft (MSN 48756) joins another MD-11BCF, which was delivered in May this year.

AV Cargo has begun service from the operator’s base in Liege, Belgium, on routes primarily to West Africa.

AV Cargo managing director and co-founder Neil Glover says this second delivery is an important milestone in the carrier’s strategic business plan. “It 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 ton 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,” adds Glover.

A third MD-11F is expected to enter service in early 2014.According to Flightglobal’s Ascend Online database, the 1992-vintage aircraft will be leased from PALS 2001-1 ABS portfolio.

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,” says Frank Duckstein, Boeing Capital’s senior director of asset management.