AerCap Holdings N.V. (NYSE: AER) announced a significant expansion of its partnership with JD Airlines.
The agreement includes the lease of four Boeing 737-800 Boeing Converted Freighters (BCF) scheduled for delivery in 2024.
JD Airlines is the cargo arm of leading Chinese logistics company JD Logistics (also known as Jingdong Logistics).
Boosting JD Airlines Cargo Network
These new freighters will be operated by JD Airlines to support the extensive supply chain network of JD Logistics.
The aircraft will be based at Nantong Xingdong International Airport and will primarily serve major economic hubs within China, including Nantong, Beijing, Shenzhen, and Wuxi.
Additionally, the expansion paves the way for potential cargo routes across Asia.
AerCap has a strong existing relationship with JD Airlines, currently leasing three 737-800BCF aircraft to the carrier.
“We’re thrilled to announce this expanded agreement with JD Airlines,” said Rich Greener, Head of AerCap Cargo.
“This new lease signifies a significant development in our ongoing partnership. The additional four 737-800BCF freighters will empower JD Airlines to effectively address the ever-increasing demand for e-commerce and express deliveries within China and potentially beyond.”
Greener concluded, “We extend our best wishes to the JD Airlines team for continued success and look forward to many more years of fruitful collaboration.”
AerCap Cargo boasts over 30 years of experience in freighter leasing. This includes extensive expertise in Passenger-to-Freighter conversions, with a proven track record of over 100 successful projects.
About JD Airlines
JD Airlines is the cargo airline division of JD Logistics, a major logistics company in China affiliated with JD.com. They focus on providing air freight services to meet the growing demand in this area.
Here’s some key information about JD Airlines:
- Established: October 2022
- Focus: Provides air cargo services for JD Logistics and potentially other clients
- Routes: Operates domestic routes within China connecting major economic hubs like Nantong, Beijing, Shenzhen, and Wuxi. They also have an international route connecting Shenzhen, China to Ho Chi Minh City, Vietnam
- Fleet: Primarily uses Boeing 737-800 Boeing Converted Freighters (BCF) aircraft. They currently lease these from AerCap, with plans to receive four more in 2024.
Overall, JD Airlines is a relatively new but growing cargo airline focused on supporting JD Logistic’s extensive supply chain network in China and beyond.
The formation of JD Airlines, previously known as JD Logistics Airlines, accommodates the growing demand for air freight services, while also enabling JD Logistics to establish a more agile, reliable, and efficient supply chain.
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