Okay Airways (BK, Tianjin) will lease two B737-400(F)s from the leasing subsidiary of US-based Air Transport Services Group.
In a press release issued this week, ATSG said it had acquired two B737-400s for conversion into freighters by its PEMCO World Air Services unit. Once completed, the aircraft will be placed on seven-year lease agreements with Okay Airways through ATSG West Leasing Ltd.
The converted aircraft are expected to deliver in late 2017. Okay Airways will operate them in support of its express services for e-commerce and other companies in the domestic China market.
Eventually, they are expected to be placed with nascent cargo carrier, BrightStar Express Airlines (Tianjin). Formerly known as United Star Express Airlines, BrightStar Express is a joint-venture between Okay Airways, ATSG, and Tianjin Dongjiang Investment holdings, a Tianjin government affiliate, which expects to complete its AOC certification around year-end.
