Pemco to convert two B737-400 for Okay Airways
Air Transport Services Group announced that its subsidiaries have acquired two Boeing 737-400 aircraft and will convert them to freighter configuration for lease to China-based Okay Airways. ATSG West Leasing, an aircraft leasing company based in Ireland, has acquired and will lease the aircraft to Okay in late 2017 for periods of seven years, while Pemco World Air Services will convert the 737-400s to freighters this summer at Pemco's facilities at Tampa airport.
Okay Airways will operate the aircraft in support of its express services for e-commerce and other companies in the domestic China market. ATSG, Okay Airways and Tianjin Dongjiang Investment Holdings, a Tianjin government affiliate, are establishing a joint venture to support the growing e-commerce market there. (ah)