Kalitta Air, a provider of air cargo transportation, took delivery of the first of two leased 747-400F factory freighters from GECAS, marking a new milestone in the decade-long relationship between the two companies.
While GECAS has previously provided debt financing to Kalitta on several 747-400’s (both factory and converted freighters), this delivery is the first aircraft on lease to Kalitta from GECAS, adding capacity to Kalitta Air’s existing fleet of more than 15 widebody freighters.
Serving a wide range of clients — from DHL to the U.S. military – Kalitta combines global air cargo service with comprehensive airframe and engine maintenance solutions. GECAS has been a consistent lender to Kalitta Air over the past several years.
“Based on our relationship and its continued growth,” said Chris Damianos, GECAS’ EVP and manager specialty markets, “GECAS is pleased to transition these 747-400Fs to Kalitta.”
“GECAS has been very supportive of Kalitta Air as we have renewed our fleet,” said Conrad Kalitta, founder and CEO. “As a trusted partner, I value GECAS’ focus on the air cargo sector.”
Boeing’s 747F, the most broadly used large widebody freighter, offers fuel and operational efficiencies along with the industry’s only nose-loading configuration.
With operations in more than 30 countries, DLL is one of the major players in the equipment finance space and a recognized leader in global vendor finance. This time last year, the wholly-owned subsidiary of Rabobank had to contend with... read more
Interim rent accounting in practice has been inconsistent and, in some cases erroneous, under current GAAP for both lessees and lessors. That will change in a big way as lessee CFOs and auditors increase their focus on lessee accounting, since... read more