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Equipment leasing company orders freighter conversion

By Staff Reports on January 15, 2014

Equipment leasing company Vx Capital Partners selected Aeronautical Engineers, Inc. to provide its first B737-400SF passenger-to-freighter conversion. 

The aircraft is a standard gross-weight B737-400 built in 1994 and will undergo freighter modification at AEI’s Authorized Conversion Center in Miami.

“Vx is seeing demand in the cargo market for well-maintained, low-cycle 737-400s. We believe that the AEI conversion will allow us to offer our customers the versatile and reliable aircraft they require to compete effectively,” Will Hudson, president of Vx Capital Partners, said. “We look forward to converting more 737s for our customers in the near future.” 

Vx’s B737-400SF will be available for lease in July.

“Vx Capitals’s decision to convert their first B737-400SF on a speculative basis is further proof that the narrow-body freighter market continues to gain momentum,” Robert T. Convey, vice president of sales and marketing for AEI, said. “AEI is the leading B737-400SF conversion provider and looks forward to supplying Vx with the industry’s most capable freighter.”