• ITVI.USA
    14,959.950
    116.940
    0.8%
  • OTLT.USA
    2.933
    0.012
    0.4%
  • OTRI.USA
    19.350
    0.220
    1.2%
  • OTVI.USA
    14,926.910
    120.050
    0.8%
  • TSTOPVRPM.ATLPHL
    2.910
    -0.050
    -1.7%
  • TSTOPVRPM.CHIATL
    3.790
    0.080
    2.2%
  • TSTOPVRPM.DALLAX
    1.460
    0.170
    13.2%
  • TSTOPVRPM.LAXDAL
    3.740
    0.020
    0.5%
  • TSTOPVRPM.PHLCHI
    2.270
    0.030
    1.3%
  • TSTOPVRPM.LAXSEA
    4.150
    -0.010
    -0.2%
  • WAIT.USA
    131.000
    -2.000
    -1.5%
  • ITVI.USA
    14,959.950
    116.940
    0.8%
  • OTLT.USA
    2.933
    0.012
    0.4%
  • OTRI.USA
    19.350
    0.220
    1.2%
  • OTVI.USA
    14,926.910
    120.050
    0.8%
  • TSTOPVRPM.ATLPHL
    2.910
    -0.050
    -1.7%
  • TSTOPVRPM.CHIATL
    3.790
    0.080
    2.2%
  • TSTOPVRPM.DALLAX
    1.460
    0.170
    13.2%
  • TSTOPVRPM.LAXDAL
    3.740
    0.020
    0.5%
  • TSTOPVRPM.PHLCHI
    2.270
    0.030
    1.3%
  • TSTOPVRPM.LAXSEA
    4.150
    -0.010
    -0.2%
  • WAIT.USA
    131.000
    -2.000
    -1.5%
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GECAS to lease first 777-300 converted freighters to Kalitta Air

GECAS Cargo, a subsidiary of General Electric (NYSE: GE), said Kalitta Air will be the launch customer for its Boeing 777-300 converted freighter program.

Financial terms of the deal were not disclosed, but GECAS said the planes will be delivered to Kalitta in 2023.

The 777-300ERSF, called the “Big Twin,” will be the largest twin-engine aircraft conversion to cargo service and is viewed as an excellent replacement for the aging four-engine 747 freighters.

GECAS delivered its first 777 passenger plane to Israel Aerospace Industries for conversion to freighter service in June. Converting the 2005-built aircraft to a freighter will require extensive work, including the addition of a main deck cargo door, window plugs, modified crew compartment and a reinforced fuselage.

The company says the freighter will burn 21% less fuel per ton than the larger 747-400 freighters and offer 25% more cargo volume than the 777-200 freighters. The plane’s flight range capability is expected to supersede the remaining 747-400 and MD11 freighters in service.

Kalitta Air started operations in 2000 with three 747 cargo planes and now has four 777s, 24 747-400s and nine 767-300s in its fleet.

Click for more FreightWaves/American Shipper articles by Chris Gillis.

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Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.