Spectre Air Capital orders Boeing 737 freighter conversions

Air Incheon - Spectre Air Capital 737-800 Freighter Lease Deal (PRNewsFoto/Spectre Air Capital)

Spectre Air Capital is continuing its rapid growth with an order for 18 Boeing 737-700s and 737-800s due to demand caused by the rapid growth of e-commerce.

The Texas-based aircraft lease-finance specialists has ordered 15 firm plus rolling options for 737-700 and 737-800 passenger to freighter conversions with Israel Aerospace Industries and a launch order from Air Incheon for three 737-800 freighters on long term lease for delivery in early 2017.

Spectre chief executive officer and co-founder, Jordan Jaffe says: “Demand for express freighters is at an all-time high, with hundreds more required in the coming years to meet the demand created by rapid growth in e-commerce and expansion of the global middle class.”

“The classic freighter feedstock is becoming increasingly scarce and overly expensive for their age. We intend to leverage our ability to purchase in fleet-sized transactions to offer next-generation freighters with attractive economics.”

The 737 deal follows its 20-aircraft Boeing 767-300ER programme collaboration with aircraft trading partner Jetran, the majority set to become freighters and operated for e-commerce giants Amazon’s Prime Air and Alibaba.