freighter conversion costs

freighter conversion costs

“The freighter conversion program is an excellent way to double the life of an airplane and provide operators with an economical way to replace less efficient freighters,” said Ihssane Mounir, senior vice-president of commercial sales and marketing for Boeing. The 737 does not have a floor strong enough to handle heavy freight either until it undergoes the BCF conversion, whereby reinforcing the floor to allow it to handle up to 9,000lbs per pallet station is part of that conversion process. Passenger-to-freighter conversion is an excellent strategy for augmenting lift or for replacing aging DC-8s, A300s, and DC-10s. BAE says building on the experience gained and in-service success of the BAe 146QT (Quiet Trader) freighter, of which around 30 aircraft […] Previously worked for Israel Aerospace Industries - BEDEK Aviation Group as the Analysis & Strategy Director of Freighter Conversions. GE Capital Aviation Services (GECAS) has delivered a Boeing 777-300/ER to Israel Aerospace Industries (IAI) for freighter conversion, to become the prototype B777-300ERSF. The Creative Team has managed more than 100 freighter conversions of all Boeing model types. The B737-400 is a legacy product for Vallair and the Company will now focus its future freighter conversion programmes on A321, B737NG and ATR variants. Boeing will also add a second conversion line for its widebody converted freighter, the 767-300BCF, at ST Engineering’s facility in Singapore. The B747-400BDSF (BEDEK Special Freighter) is the ideal wide-body freighter with superb payload/range capabilities and fuel efficient, stage lll noise compliance. Aeronautical Engineers, Inc. (AEI) said it has entered an agreement to provide Macquarie AirFinance with four B737-800SF freighter conversions to help meet the growing demand in e-commerce and express cargo. Matalon estimated the total cost of the feedstock freighter and the work would put the total cost of a B777-300ER conversion at around $60m, compared with $150m for the cost of a new freighter. Covid-19 has strongly affected the aerospace industry. The A330 has not caught on yet as a freighter, but it should. The 737-800BCF now has 134 orders and commitments. The 321 Precision Conversions’ A321-200 freighter will provide a best-in-class solution, fulfilling both replacement and growth needs in the narrowbody freighter market. For those aircraft whose P-to-F programmes are still being developed, the analysis estimates potential acquisition and conversion costs, but does not speculate on maintenance costs. The 747 conversion market is over, its been a decade since the last conversion. Those conversions are temporary. LCF stands for Low Cost Freighter - converting passenger aircraft into freighters at costs equivalent to that of a large cabin re configuration - a fraction of the cost of undertaking a conventional full passenger to freighter conversion. A $726,950.00 loan over 120 months including $3028.96 per month in interest equates to a $36,451.97 per-period payment. The 737-800BCF is based on the Next-Generation 737 passenger aircraft. The acquisition costs are intended to offer a guide and are based on specific engine and maximum take-off weight (MTOW) variants. The costs for crew and routine maintenance vary by country, but other costs are set through international competition. ... conversion, and maintenance costs, it's still cheaper than paying the current list cost price of $220.3 million for a new Boeing 767-300F. Passenger-to-freighter conversions form a natural progression of Macquarie AirFinance’s portfolio strategy, enabling the useful life of aircraft to be extended up to 40 years. A freighter conversion takes about 100 days, with any heavy maintenance or engine overhauls done at the same time, according to Singapore Technologies, also known as ST Aerospace. First-quarter spending included $84.7 million for the acquisition of four Boeing 767-300 passenger aircraft for freighter conversion, and modification costs … The aircraft will be converted to freighters by the authorized AEI Conversion Center, Commercial Jet in Miami, Florida. Covid-19 has strongly affected the aerospace industry. The general resale value of a conversion can make the trouble worthwhile. It is equipped with blended winglets to enhance fuel efficiency and flight performance. A cargo aircraft (also known as freight aircraft, freighter, airlifter or cargo jet) is a fixed-wing aircraft that is designed or converted for the carriage of cargo rather than passengers.Such aircraft usually do not incorporate passenger amenities and generally feature one or more large doors for loading cargo. Conversion time is around 1.5 months. A few years ago, cargo fleets were comprised primarily of old passenger aircraft. The Airbus A330-200 and -300 variant, and the Boeing 767-300ER passenger aircraft are expected to dominate in the passenger-to-freighter (PTF) 30—80-tonne medium widebody markets in general, express, and e-commerce air freight markets in the coming years. The platform offers 30% more cargo volume than the popular 737-800 freighter and is designed to meet the needs of regional and express delivery operators. The freighter service was suspended in November 2020 as state and county quarantine measures triggered a labor provision that led to the temporary suspension of passenger and cargo flights. The number of conversions for the A320/A321 is gradually increasing, with operators keen to use the type to replace its main competitor, the ageing Boeing 757 freighter. The new conversion line, launched in cooperation with Guangzhou Aircraft Maintenance Engineering Co, is for the Boeing 737-800. Although air cargo transport is cyclical and subject to trade politics, volumes are still growing and OEM forecasts are optimistic. AEI's cargo door has earned a reputation of being the most robust and reliable in the conversion industry. Several passenger airlines in the region are entering the cargo freight business due to which they are preferring the conversion of their existing aircraft into the freighter models to reduce the costs incurred in buying new freighter aircraft, as the converted models are far cheaper than newly built freighters. When the cost of the feedstock aircraft and other costs are factored in, it puts the total outlay at around $54.5 million for an aircraft that will be able to … The door control and hydraulic panel are located on the 9g barrier, allowing a single person to operate the door. Cover story: Freighter conversions “However, with fuel prices low and stable (for now), it Spending for required heavy maintenance, and for other equipment including aircraft engines and components, increased $2.6 million compared to a year ago. Owners should use the 4 months for conversion to make improvements to the Aircraft which will reduce future operating costs and meet future regulatory requirements. While conversion costs are not yet widely available, it estimates the conversion cost of a 2005 built Boeing 777-300ER to be around US$32.5 million. Conversion time is around 1.5 months. Cargo Facts was exposed to some out-of-the-box thinking last week when we met with industry veteran Cliff Duke. “The freighter conversion program is an excellent way to double the life of an airplane and provide operators with an economical way to replace less efficient freighters,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for Boeing. Vallair to focus onits future freighter conversion programmes on A321, B737NG and ATR variants.. 21 March 2021: Vallair has placed its final B737-400 freighter with M Jets. First Boeing 777-300ER Freighter Conversion Begins. Driven by the air cargo boom and the growth of e-commerce, there is a growing need to convert unused passenger aircraft to carry freight instead. Airbus A321 freighter – synergy between costs and convenience. “Precision is pleased to be able to provide another 757-200PCF to the growing CargoJet fleet,” said Precision President Gary Warner. airships and freighter drones dominating this space with far lower operating costs.” “Most experts in the field believe that the 777F is the best large freighter,” claims Jacob Netz, senior analyst at Air Cargo Management Group, expressing There are currently no conversion programmes available … Developing a freighter program for the 787 would not only cost a pretty penny but also would take time. The passenger-to-freighter conversion of the first A321-200 SDF is scheduled to begin in mid-2021, with FAA approval for the platform anticipated in late 2021 or early 2022. Regarding availability, the average time to complete the entire conversion … He described the patented idea for a low-cost freighter (LCF) conversion program being developed by the team at LCF Conversions and Seattle-based design and certification company ACE Corp. Covid-19 has strongly affected the aerospace industry. Heavy maintenance checks are often performed at time of conversion and can represent a significant element of on-ramp costs. The AEI converted B737-800SF freighter offers a main deck payload of up to 52,700 lbs. likely to be chosen for freighter conversion. Covid-19 has strongly affected the aerospace industry. Possibly if both LH and KE get together , 25 or so of the 748i's could be converted IF very straightforward. BAE Systems just announced they are considering working towards the possible launch of a passenger-to- freighter conversion program for the Avro RJ jetliner and is seeking customer feedback to help assess market potential. Using a 777 on flights under 4 hours is less than ideal from a capital and maintenance cost perspective. Two additional freighter conversion lines are launched to meet strong demand in express traffic and e-commerce markets.SEATTLE, Sept. 20, 2020 Boeing announced a firm order from an unidentified customer for two 737-800 Boeing Converted Freighters (BCF), as well as agreements to open additional conversion lines … It’s unlikely. November 2013 marked the final voyage of historic freighter St. Marys Challenger, a 1906-built cement carrier regarded as the oldest operational vessel on the Great Lakes.But the ship is … Costs ranging from $400,000 to $600,000 depending on the aircraft's original configuration. First-quarter spending included $84.7 million for the acquisition of four Boeing 767-300 passenger aircraft for freighter conversion, and modification costs … By Steve Fortune Pemco recently announced the launch of 737-700 pax-to-combi (FlexCombi™) and pax-to-freighter (“P2F”) programs. The A330P2F programme offers a passenger-to-freighter conversion opportunity for A330s that have completed their useful operational service as commercial jetliners. For example, a typical conversion including “D” check for a 1995 Boeing 737-400 PAX aircraft costs approximately 50% less than the cost of purchasing a new cargo aircraft with similar load capacity. Main-deck cargo door? The C Cubed conversion supports all MSNs and all engine variants. Alpine Super Freighter (Beechcraft 1900D w/Cargo STC Installed) • New 1900D Cargo Conversion STC (#SA00905DE) Installed • Zero Time Engines • 40% Capacity Increase Over 1900C (Useful Payload of 7,439 lbs.) The two Airbus MSN 891 and MSN 1017 are ready to set a new goal for an Aircraft, Crew, Maintenance, and Insurance (ACMI) lease from the … Boeing may open a second 767 freighter conversion line to do the work at an existing facility in China or Taiwan. MIAMI – SmartLynx Airlines’ (6Y) Maltese subsidiary has completed the conversion of two Airbus A321 into freighter versions this week.. Airbus floats concept for A380 freighter conversion. Fortune estimated Airbus would have to invest about $100 million to design a modification and installation kit, not including production costs. There is no greater enhancement on freighter performance than having the lowest operating empty weight,” Young said. (23,904 kg) and incorporates 11 full height 88” x 125” container positions, plus an additional position for an AEP/AEH. But it seems that the 767-300 is a “late bloomer”. BEECHCRAFT 1900D For Sale in Provo, Utah at Controller.com. Converting an aircraft to a freighter is about a third of the cost of buying a new one, so there is a brisk market for conversions. ... and converting them to freighters costs another $15 … Its design includes installation of a 142-inch-wide by 86-inch-high main deck cargo door, Class E main deck cargo compartment with fourteen 88 inch by 125 inch container positions. 2018's average is 7–8 million USD per conversion. Because the number of crew on an air freighter is relatively small, the variation in labor costs for different regions has relatively little impact on total operating costs. Ted Perton June 6, 2020. News of this conversion program first surfaced in February 2020. * Capital expenditures in 2018 included $116.6 million for the acquisition of Boeing aircraft and freighter modification costs, up from $96.7 million in the first half of 2017. Maintenance Costs at Freighter Conversion. Passenger to freighter conversion market analysis . Photo: SmartLynx The first operator of the passenger-to-freighter A321. The 777 is ideal for long haul international freight while I doubt the A321 freighter will be used on flights over 4 hours. The second line is scheduled to open later this year. While air frames are lowering in value, conversion costs remain significant, and the great age of the 747-400s provides fewer years for costs to be amortised. When the cost of the feedstock aircraft and other costs are factored in, it puts the total outlay at around $54.5 million for an aircraft that will be able to … With the new P2F aircraft conversion programme, we now offer a reliable end-to-send solution to manage conversions of retired passenger aircraft into a long-lasting freighter, so our customers can scale up their operations, reduce costs and boost cargo capacity. Economics of freighter conversion. A similar reinforcement of th A321's floor is part of the freighter conversion process for it too. Hawaiian Airlines will not restart its ‘Ohana by Hawaiian ATR freighter service that covered various islands in the state. CORAL GABLES, Fla.--(BUSINESS WIRE)--AerSale, Inc., a leading global provider of aviation products and services (NASDAQ: ASLE), announced today that it has inducted the first of its 24-owned Boeing 757-200 aircraft for passenger-to-freighter (“P2F”) conversion at its heavy-MRO center in Goodyear, AZ.The first aircraft was delivered by Boeing in 1999 to American Airlines. The airline has previously enlisted three of its Boeing 777s and three of its Airbus A330s to ferry medical supplies. Luxembourg – 18th March 2021: Vallair, the multi-faceted aviation business has placed its final B737-400 freighter with Malaysian start-up operator, M Jets. It is intended to start operation in 2020. The costs for crew and routine maintenance vary by country, but other costs are set through international competition. Design and features of 737-800 Boeing Converted Freighter. The B737-400 is a legacy product for Vallair and they will now focus its future freighter conversion programmes on … With up to 54 tonnes of lift, high dispatch reliability, superior performance, low noise and thrifty fuel consumption, the 767-300 is a valuable member of any freighter fleet. One was a straight passenger-to-freighter conversion (with nine pallet positions), the other, under the name FlexCombi, will convert passenger 737-700s into a variable configuration that offers two combi options (6 pallet/24 passenger and 7 pallet/12 passenger) as well as an eight-pallet cargo-only configuration. Depending on utilization and fuel prices, the 321 Precision freighter will save a minimum of $70,000 in fuel costs per year compared to the EFW version. According to an Aeronautical Engineers spokesperson, which specializes in passenger-to-freighter conversions, the process to obtain a Supplemental Type Certificate (STC) for a conversion can take up to between three to four years alone. A few years ago, cargo fleets were comprised primarily of old passenger aircraft. “The freighter conversion program is an excellent way to double the life of an airplane and provide operators with an economical way to replace less efficient freighters,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for Boeing. A Boeing 737-200 freighter. Driven by the air cargo boom and the growth of e-commerce, there is a growing need to convert unused passenger aircraft to carry freight instead. If this data is not publicly available, would there be a generic way to estimate the cost of such a conversion? The combined acquisition, conversion and maintenance costs required to bring a converted freighter into service are referred to as the ‘on-ramp’ costs. Submitted about a month ago. Maintenance Costs at Freighter Conversion. Highlights: IAI's BEDEK transforms aging passenger aircraft into cost-effective 21st century cargo platforms "One stop Shop" MRO - In-house full-service provider for conversion and MRO Based on this source, an A330-300's heavy (D) check costs 3.8 million USD (adjusted for inflation from 2010 to 2018), and given the quoted conversion for the A333, it's ~4 times as much to do the conversion. As the diagram on page 5 highlights, cargo conversion is an alternative option for mid-life aircraft. For example, conversion costs for the 737-800 can range from the high $3Ms to the low $4Ms. Converting an aircraft to a freighter is about a third of the cost of buying a new one, so there is a brisk market for conversions. (23,904 kg) and incorporates 11 full height 88” x 125” container positions, plus an additional position for an AEP/AEH. “The A321 aircraft’s fuel burn is the lowest in class – massive 20% lower than the 757 model and the direct operational costs are significantly lower. “With the new P2F aircraft conversion program, we now offer a reliable end-to-end solution to manage conversions of retired passenger aircraft into a long-lasting freighter, so our customers can scale up their operations, reduce costs and boost cargo capacity,” said Erik Goedhart, Senior Vice President, Global Head of Aerospace at Kuehne+Nagel. The aircraft will be converted to freighters by the authorized AEI Conversion Center, Commercial Jet in While conversion costs are not yet widely available, it estimates the conversion cost of a 2005 built Boeing 777-300ER to be around US$32.5 million. The Sine Draco A321-200 SDF passenger to freighter conversion offers the optimal economic solution for the next generation narrow body freighter. Boeing is partnering with a Costa Rican company to add to freighter-conversion capacity. Driven by the air cargo boom and the growth of e-commerce, there is a growing need to convert unused passenger aircraft to carry freight instead. There are now 17 active and developing PTF conversion programs for eight aircraft types: the Boeing 737-300, 737-400, 737-700, 737-800, 757-200, Airbus A320, Airbus A321, and McDonnell Douglas MD-80. Source: Freighter Conversion Market Totaled Nearly \$1B in 2018: IBA, ainonline.com. Photo: Air Canada Not the first passenger-to-freighter for Air Canada. This has meant that freighter values and lease rates have actually seen a modest drop.” Average conversion costs are generally lower for Boeings than Airbus aircraft, with the B737-800 averaging US$4.16million and the B757-200 $5.2million, in comparison with $6.14million for the A321-200 variants, the data shows. These operators benefit from low direct operating costs and high dispatch reliability and efficiency. Dec. 1, 2020, (c) Airfinance Journal: Embraer is studying the cargo market with a view to launching a freighter conversion programme, sources tell Airfinance Journal. “The freighter conversion program is an excellent way to double the life of an airplane and provide operators with an economical way to replace less efficient freighters,” said Ihssane Mounir, senior vice president of Commercial Sales and Marketing for Boeing. Interest in Boeing’s 747-400 freighter family already was rebounding last year, even as Delta Air Lines Inc. and United Continental Holdings Inc. … The 737-800BCF carries more payload - up to 23.9 tonnes (52,800 lbs) - and has longer range - 2,000 nmi (3,750 km) than other standard-body freighters - providing capability to open new markets. IBA has also considered the economics of Boeing 777 freighter conversions, especially the younger, larger Boeing 777-300ER model. Based on the current market, analysts expect a growing demand for passenger to freighter conversion (P2F). 777 Aviation News Boeing Cargo 6 Comments. 29 Oct 2019 - Boeing announces new 737-800 freighter conversion line in Guangzhou, China. The 321 Precision Conversions’ A321-200 freighter will provide a best-in-class solution, fulfilling both replacement and growth needs in the narrowbody freighter market. Although Alaska Airlines placed a small order with IAI for a -700 P2F to meet a specific operational requirement, Pemco is the first company to publicly announce a -700 conversion program. Aeronautical Engineers, Inc. (AEI) is pleased to announce the company has entered an agreement to provide Macquarie AirFinance with four B737-800SF freighter conversions to help meet the growing demand in e-commerce and express cargo. Erik Goedhart, senior vice president and global head of aerospace at K+N, said: “With the new P2F aircraft conversion programme, we now offer a reliable end-to-send solution to manage conversions of retired passenger aircraft into a long-lasting freighter, so our customers can scale up their operations, reduce costs and boost cargo capacity.” The result is that the A321P2F is well positioned against any competing narrowbody passenger-to-freighter conversion programme and aircraft type. Lufthansa Group Moves Forward With Passenger-to-Freighter Conversions. Based on 450 annual owner-operated hours and $4.25-per-gallon fuel cost, the PIPER Meridian has total variable costs of $274,725.00, total fixed costs of … Driven by the air cargo boom and the growth of e-commerce, there is a growing need to convert unused passenger aircraft to carry freight instead. D riven by e-commerce and express services, especially in the Asia Pacific region, the passenger-to-freighter (P2F) conversion market looks good, especially in the narrow-body niche.

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