Kitty Hawk Inks Ten Year Lease for 737-300SF's | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.06.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Sun, May 09, 2004

Kitty Hawk Inks Ten Year Lease for 737-300SF's

GE Capital Aviation Services to deliver aircraft in 2004, 2005

Kitty Hawk (OTCBB: KTHK.OB), has signed a contract to lease seven Boeing 737-300SF aircraft from GE Capital Aviation Services (GECAS). Kitty Hawk will be the North American launch customer for the 737-300SF, the freighter version of one of the best-selling and most popular commercial passenger aircraft of all time.

The first aircraft is scheduled to be delivered to Kitty Hawk in November 2004, with the balance of the order delivered through 2005, subject to FAA approval. The two pilot, twin-engine aircraft will be powered by CFM-56 jet engines.  The lease term for the new aircraft will be 10 years, with extension options at the end of that term. Work to convert the passenger Boeing 737-300s to SF models (freighters) will be performed by one of the premier passenger to cargo aircraft conversion companies in the world, Israel Aircraft Industries, Bedek Division. For the present time, Kitty Hawk will continue to operate all of its Boeing 727-200F aircraft, though some of those aircraft will be retired or returned to lessors in the future.

"This is a significant step toward enhancing the Kitty Hawk fleet and preparing our company for the future," said Robert W. Zoller, Kitty Hawk’s president and CEO. "The Boeing 737-300SF will be a tremendous addition – it is a very fuel efficient, environmentally friendly aircraft, capable of achieving federal Stage 4 noise regulations and possessing a modern digital technology flightdeck.  As such, the 737-300SF will provide lower operating and maintenance costs for our company. This obviously expands our fleet and reaffirms our commitment to growing our company in a way that makes good, solid economic sense."

Zoller also noted that Kitty Hawk is honored to be working closely with industry leaders GE Capital and IAI.

FMI: www.kha.com, www.gecas.com

Advertisement

More News

Aero-News: Quote of the Day (05.09.24)

"Fly-by-wire flight, coupled with additional capability that are being integrated into ALFA, provide a great foundation for Bell to expand on its autonomous capabilities. This airc>[...]

ANN's Daily Aero-Term (05.09.24): Hold Procedure

Hold Procedure A predetermined maneuver which keeps aircraft within a specified airspace while awaiting further clearance from air traffic control. Also used during ground operatio>[...]

ANN's Daily Aero-Linx (05.09.24)

Aero Linx: B-21 Raider The B-21 Raider will be a dual-capable penetrating strike stealth bomber capable of delivering both conventional and nuclear munitions. The B-21 will form th>[...]

Airborne 05.03.24: Advanced Powerplant Solutions, PRA Runway Woes, Drone Racing

Also: Virgin Galactic, B-29 Doc to Allentown, Erickson Fire-Fighters Bought, FAA Reauthorization After dealing with a big letdown after the unexpected decision by Skyreach to disco>[...]

Airborne-NextGen 05.07.24: AI-Piloted F-16, AgEagle, 1st 2 WorldView Sats

Also: Skydio Chief, Uncle Sam Sues, Dash 7 magniX, OR UAS Accelerator US Secretary of the Air Force Frank Kendall was given a turn around the patch in the 'X-62A Variable In-flight>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC