32348 was originally delivered to American Trans Air in August 2001 as N306TZ, leased from GECAS, and flew with ATA until January 2005. GOL Transportes Aéreos was the next lessee, who received this 737 in April 2005 as PR-GIB. Four years later, it was subleased to Transavia as PH-HSS, for a six month period, after which the aircraft was returned to GECAS. In June 2010, it was leased to Sky Airlines as TC-SKS "Dalaman". In July 2013, it was leased to Pegasus, as TC-IZD "Buglem Sera", and flew until June 2019. A month later, it was ferried to PVG for storage, where it underwent freighter conversion.