GECAS stocks up on 737-800 converted freighters

General Electric

GE Capital Aviation Services (GECAS) said Wednesday it entered an agreement with Boeing (NYSE: BA) to convert 11 Boeing 737-800 passenger planes to all-cargo mode.

The deal includes options for Boeing to convert an additional nine 737-800s for the General Electric (NYSE: GE) subsidiary.

GECAS said its total 737-800 freighter conversion orderbook now stands at 74: 60 firm and 14 options. The orders in this latest tranche are scheduled for completion between 2022 and 2024.

Boeing has delivered 23...

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