What Airborne Maintenance & Engineering Services reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We lease portions of an air park in Wilmington, Ohio, under lease agreements with a regional port authority, the terms of which expire in June 2026 and June 2036 with options for us to extend the terms. The leases include corporate offices, 310,000 square feet of maintenance hangars and a 100,000 square foot component repair shop at the air park. We also have the non-exclusive right to use the Wilmington airport, which includes one active runway, taxiways and ramp space. We also lease and operate a 311,500 square foot, two hangar aircraft maintenance complex at the Tampa International Airport in Florida. Our CAM and ACMI Services reportable operating segments, together with our other business lines, make use of these facilities. We lease approximately 82,500 square feet of office and warehouse space at the Tulsa International Airport in Oklahoma, which is primarily used in ACMI Services.
The rest of Item 2
Other Facilities
We lease a facility having approximately 335,000 square feet in Chicago, Illinois and another facility having approximately 100,000 square feet in Orlando, Florida for our USPS mail handling contracts. In addition, we lease smaller maintenance stations, offices and ramp space at certain airport and regional locations, typically on a short-term basis. Further, we lease warehousing space inside or near certain U.S. airports to support our customers' parcel handling requirements. The facilities in this paragraph are primarily used in ACMI Services and our other lines of business (other than CAM).
Aircraft Fleet
As of December 31, 2024, our in-service aircraft fleet consisted of 112 Boeing aircraft and three Airbus aircraft that we owned and 33 Boeing aircraft leased from third parties. The majority of these aircraft were formerly passenger aircraft that have been modified for cargo operations. These cargo aircraft are generally described as being mid-size or having medium wide-body cargo capabilities. The cargo aircraft carry gross payloads ranging from approximately 47,900 pounds to 129,000 pounds and are well suited for intra-continental flights and medium range inter-continental flights. The table below shows the combined fleet of aircraft in service condition as of December 31, 2024.
In-service Aircraft as of December 31, 2024
Customer · Year of · Gross Payload · Still Air Range
Aircraft Type · Total · Owned · Operating Lease · Provided · Manufacture · (Lbs.) · (Nautical Miles)
767-200 SF (1) · 17 · 15 · — · 2 · 1982 - 1985 · 85,000 -100,000 · 1,700 - 5,300
767-200 Passenger · 3 · 2 · 1 · — · 2001 · 63,000 - 73,000 · 6,500 - 7,600
767-300 SF (1) · 108 · 83 · — · 25 · 1988 - 2010 · 121,000 - 129,000 · 3,200 - 7,100
767-300 Passenger · 10 · 5 · 5 · — · 1991 - 2002 · 85,000 - 99,700 · 6,300 - 7,200
777-200 Passenger · 3 · 3 · — · — · 2004 - 2007 · 119,500 - 123,900 · 8,700 - 9,500
757-200 Combi (2) · 4 · 4 · — · — · 1989 - 1994 · 58,000 · 2,600 - 4,300
A321-200 PCF (1) · 3 · 3 · — · — · 2002 - 2003 · 59,680 · 2,140
Total in-service · 148 · 115 · 6 · 27
(1) · These aircraft are configured for standard cargo containers loaded through large standard main deck cargo doors.
(2) · These aircraft are configured as “combi” aircraft capable of simultaneously carrying passengers and cargo containers on the main deck.
In addition, as of December 31, 2024 CAM owned other aircraft not presently in service, including five Airbus 321-200 PCF which had completed the standard freighter conversion and are expected to be leased in 2025. CAM also owns seven Boeing 767-300 aircraft, one Airbus A321-200 aircraft and six Airbus A330 aircraft which were undergoing or preparing to undergo modification to a standard freighter configuration and are expected to be completed in 2025 or 2026.
We believe that our existing facilities and aircraft fleet are appropriate for our current operations. As described in Note H to the accompanying financial statements, we plan to invest in additional aircraft to meet our growth plans. We may make additional investments in aircraft and facilities if we identify favorable opportunities in the markets that we serve.
