FTAI Aviation Ltd. (NASDAQ:FTAI) and Aeronautical Engineers, Inc. (AEI) announced Tuesday a strategic collaboration to deliver a lower-cost Boeing 737-800 freighter solution as global demand for cargo aircraft continues to grow.
Partnership Targets Lower Operating Costs
The companies said the partnership combines FTAI’s engine maintenance capabilities with AEI’s passenger-to-freighter conversion expertise. The goal is to provide customized Boeing 737-800 freighters at scale while reducing operating costs for airline customers.
“The Boeing 737-800 is poised to become the workhorse of narrowbody freight, but growth has been constrained by the lack of an engine solution designed for cargo economics,” said David Moreno, president of FTAI.
“We can build and maintain lower cycle engines customized for cargo enabling FTAI and AEI to deliver aircraft at a significantly lower operating cost. This collaboration adds cargo to FTAI’s CFM56 platform, extending the engine’s lifecycle across passenger, cargo and power.”
