passenger to freighter conversion market
The second 737-800 (MSN 28826) contracted with AEI is currently […] “We are excited to be embarking on the next phase of our A321 passenger to freighter conversion activity” says Gregoire Lebigot, CEO of Vallair. Data from IBA’s Insight.iQ platform also demonstrates the dominance of certain aircraft types in the passenger to freighter conversion market. That is the minimum quantity to cover the certification costs of doing the conversion. Converting aircraft is a complex engineering task. It lists these conversions at $15-16 million each, a lot of money for a freighter conversion. “The reason is to ‘stretch’ the existing passenger asset life as a cargo aircraft and generate revenue for additional 15 years . However, It would take some time before such a modification could be drawn up, tested, and certified. In February 2020, Elbe Flugzeugwerke, a joint venture of Airbus and ST Engineering received a supplementary type certificate from the European Union Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion. TOULOUSE – While COVID-19 may have severely damaged the passenger air transport sector, the cargo market has gone from strength to strength and Airbus wants a piece of the pie.. Rumours have circulated for some time that the European manufacturer intends to build a freight version of its A350 model. Vallair spearheads A321 passenger to freighter conversions in China Luxembourg – December 21 st 2020: Vallair , the multi-faceted aviation business and launch customer of the Airbus A321 freighter, is pioneering the first passenger to freighter conversions to be undertaken in China. Data from IBA’s Insight.iQ platform also demonstrates the dominance of certain aircraft types in the passenger to freighter conversion market. For A330s that have completed their useful operational service as passenger jetliners, the A330P2F freighter conversion option offers a solution that is both cost-effective and highly-efficient. Aircraft Commerce has examined the potential demand for converted 777 freighters. Boeing has eight 737 passenger-to-freighter production lines in China that allow for one conversion at a time. For the week ended May 14, Cargo Facts reported on two new A321-200 leasing ventures with a new JV from ST Engineering and a move into A321 conversions by lessor Aerovista, highlighting the coming wave of activity now that two passenger-to-freighter conversion programs have received an STC. In response to the strong market demand for the 737-800 converted freighter, Boeing continues to increase conversion capacity with new, and existing, maintenance repair partners, creating additional slots in 2022 and beyond. The market value of 15-year-old planes has fallen by 20% to 47% since the start of the year depending on the model, which makes freighter conversions more attractive, according to … Data from IBA’s Insight.iQ platform also demonstrates the dominance of certain aircraft types in the passenger to freighter conversion market.The Boeing 737 Classic family have now been surpassed by the Boeing 737-800 in terms of conversion rates, of which 27 were converted in 2020, and around 40 are set to be converted over the next 12 months. However, it is much more sophisticated compared to the other areas in the aeronautical market. The aircraft has since entered service for FitsAir, a small Sri Lankan carrier based in Colombo, the country’s largest city. The former is still produced exclusively as a freighter or a military aircraft (KC-46), while the latter is produced both as a passenger and a cargo jet. BERN — Kuehne+Nagel has developed an integrated end-to-end logistics solution to support passenger aircraft into freighter aircraft (so-called P2F) conversions.With the changed cargo market requirements and a significant amount of unused passenger equipment due to the Covid-19 pandemic, Kuehne+Nagel has tuned its proven KN InteriorChain service towards P2F conversions. Such conversions have become increasingly common since the onset of coronavirus. In February 2020, Elbe Flugzeugwerke, a joint venture of Airbus and ST Engineering, received a supplementary type certificate from the EU Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion. SriLankan Engineering […] Boeing said it would also add a second conversion line for its widebody converted freighter, the 767-300BCF, at Singapore Technologies Engineering Ltd's STEG.SI facility in … The first output of this collaboration was the embodiment of a PTF conversion of an Airbus … Some of the available passenger-to-freighter (P2F) aircraft programs are B737, B757, A320, and A321. This week also saw DHL Express add 21 Air to its list of 767 CMI operators, prompting the Cargo … Photo: Airbus. MRO provider ST Engineering and Singapore state-owned investment firm Temasek are teaming up to establish a joint venture freighter leasing company in response to rising demand for freighters. Widebody freighter conversions Source: Aircraft Technology Engineering & Maintenance / Issue 118 / June-July 2012. Top Companies in the Global Freighter Aircraft Market are ... ST Engineering received a supplementary type certificate from the European Union Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion. The A321ceo passenger to freighter program has also been enjoying growing success in recent months and EFW is developing its P2F conversion capacities … Boeing said it would also add a second conversion line for its widebody converted freighter, the 767-300BCF, at Singapore Technologies Engineering Ltd’s facility in Singapore. 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. An ocean liner is a passenger ship primarily used as a form of transportation across seas or oceans. “We do not believe that a passenger-to-freighter conversion of the A380 would be viable, especially given the high empty weight of the aircraft relative to its potential freight payload,” said Chris Seymour, head of market analysis at Ascend, the consulting arm of aviation data provider Cirium. “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. Some of the available passenger-to-freighter (P2F) aircraft programs are B737, B757, A320, and A321. Previous freighter attempts. As a result, the value of used planes has fallen, especially, due to a medium-term scenario in which cargo operations increase while passenger … Follow Aeronews also on Facebook, Twitter and LinkedIn. SriLankan Airlines’ maintenance and engineering department recently completed the passenger-to-freighter (PTF) conversion of an Airbus A320. The Boeing 737 Classic family have now been surpassed by the Boeing 737-800 in terms of conversion rates, of which 27 were converted in 2020, and around 40 are set to be converted over the next 12 months. With air freight capacity still well below 2019 levels and airlines predicting lower passenger traffic until 2023 or 2024, the freighter conversion market is heating up. India’s low-cost airline, IndiGo, is looking to purchase four Airbus A321s and converting them to freighters. Some of the available passenger-to-freighter (P2F) aircraft programs are B737, B757, A320, and A321. Badly hit by the global recession, the widebody freighter conversion market has been through a troubling few years and until the economy recovers the outlook remains poor. The passenger-to-freighter E190 conversion would have a maximum structural payload of approximately 11 metric tonnes. cathay pacific exec says expect to add more airbus a330 passenger to freighter conversions at cargo carrier air hong kong 03/10/2021 | 03:35am EDT Send by mail : As with any conversion programme, a potential launch will depend on three factors: market demand, feedstock availability and asset residual values. Such conversions have turn out to be more and more widespread because the onset of coronavirus. Boeing has eight 737 passenger-to-freighter production lines in China that allow for one conversion at a time. Quite a number of cargo airlines choose to operate a first-hand quality converted freighter. According to the Boeing Commercial Market Outlook, 2,820 freighters will enter the global fleet to meet market demand, including 1,220 standard-body passenger-to-freighter conversions. 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. To see the full article and a list of related reports on the market, visit "E-Commerce Demand Drives Growth in Passenger to Freighter Conversions". That creates an opportunity for passenger to freighter conversions companies ... 40% for 2022," Cirium Head of Market Analysis Chris Seymour declared. There is little doubt that if Boeing were to announce a passenger-to-freighter conversion program for the 787, the value of that aircraft would skyrocket in the customers’ eyes. Data from IBA’s InsightIQ platform also demonstrates the dominance of certain aircraft types in the passenger to freighter conversion market. The market value of 15-year-old planes has fallen by 20% to 47% since the start of the year depending on the model, according to advisory firm Ishka, which makes freighter … "The market told us it was time to launch the 747-400 passenger-to-freighter conversion, because airplanes became available [because of] a downturn in passenger traffic," said George Peppes, freighter conversion product marketing manager. Wagner Aeronautical has conducted extensive program development and market research on the B767-300 freighter over the last couple of years and has determined that a solid market potential exists for a global offering of the B767-300 passenger-to-freighter conversion. AEI said this is “an important milestone” because the B737-800SF is an ideal freighter for European market route structures. February 18, 2021 – Sequoia Aircraft Conversions, a B777 passenger to freighter conversion company, announces its engagement with Split Rock Aviation to bring the B777-300ER converted freighter to market. The aircraft was delivered from an Aeronautical Engineers Inc. (AEI) authorized Conversion Center, Commercial Jet in Miami. ”We estimate that most slots are sold for 2021 and at least 40 percent for 2022,” Cirium Head of Market … In February 2020, Elbe Flugzeugwerke, a joint venture of Airbus and ST Engineering received a supplementary type certificate from the European Union Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion. Dublin, Sept. 09, 2020 (GLOBE NEWSWIRE) -- The "America Freighter Aircraft Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to … China’s air freight market is less than half of the size of the United States by tonnage but growing at a faster rate, said Wynne. March 25, 2021 – Fort Lauderdale, Florida – GA Telesis, LLC (“GAT”) announces the delivery of its first 737-800SF (MSN 32903) passenger-to-freighter (“P2F”) conversion to Ethiopian Airlines. China’s air freight market is less than half of the size of the United States by tonnage but growing at a faster rate, said Wynne. The first aircraft was delivered by Boeing in 1999 to American Airlines. Data from IBA’s Insight.iQ platform also demonstrates the dominance of certain aircraft types in the passenger-to-freighter conversion market. Market Overview The Europe freighter aircraft market is projected to grow with a CAGR of more than 4% during the forecast period. The aircraft was delivered from Aeronautical Engineers, Inc. (“AEI”) authorized Conversion Center, Commercial Jet, in Miami. Vallair, the multi-faceted aviation business and launch customer of the Airbus A321 freighter, is pioneering the first passenger to freighter conversions to be undertaken in China. The A330-200F is the only new-generation cargo aircraft available today that meets operations’ needs in the mid-size, long-haul segment. Vallair is pioneering the first passenger to Airbus A321 freighter conversions to be undertaken in China. Airbus’ market outlook suggests that the full freighters fleet will grow to about 3,010 by 2035. The 747 conversion market is over, its been a decade since the last conversion. K+N said that the growth of air cargo, especially for e-commerce, has created a need for more than 1,500 aircraft to be converted from passenger to freighter configurations. This analysis considers demand levels in the widebody freighter market, which 777 variant is most likely A passenger-to-freighter 777F. Grounded passenger fleets have heavily depressed the values of older widebody aircraft, leading Amazon to acquire seven relatively young 767-300’s from Delta and four from WestJet – likely at prices that justify the costly freighter conversion process. 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. “To reach this moment in the development of our 737-700 passenger-to-freighter conversion program solidifies our presence as a global leader … Boeing has eight 737 passenger-to-freighter production lines in China that allow for one conversion at a time. Boeing has eight 737 passenger-to-freighter production lines in China that allow for one conversion at a time. Covering gaps. Converting passenger aircraft into a freighter, is a way to extend the economic life of an aircraft. The A330P2F programme offers a passenger-to-freighter conversion opportunity for A330s that have completed their useful operational service as commercial jetliners. Liners may also carry cargo or mail, and may sometimes be used for other purposes (such as for pleasure cruises or as hospital ships).. Based on the current market, analysts expect a growing demand for passenger to freighter conversion (P2F). The large number of passenger A330s in service provides a source of aircraft to support the freighter conversion for many years. 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. SriLankan Airways’ upkeep and engineering division lately accomplished the passenger-to-freighter (PTF) conversion of an Airbus A320. “Multiple European customers have already expressed interest in AEI’s B737-800SF conversion,” the company said in a statement. Passenger-to-freighter conversions are an attractive secondary prospect for older aircraft as the airfreight market consistently relies on a mix of newly built freighters and passenger aircraft conversions. According to Airbus, there is a significant market demand for more than 600 aircraft over the next 20 years for P2F aircraft conversions in the small freighter segment. Converting aircraft is a complex engineering task. This creates an opportunity for aircraft manufacturers, maintenance organizations, airlines and leasing companies. Airbus initially marketed an all freighter version of the Airbus A380. “We are excited to be embarking on the next phase of our A321 passenger to freighter conversion activity” says Gregoire Lebigot, CEO of Vallair. FlightGlobal reported this past Friday that Cargolux is examining the Boeing 777-300ER freighter conversion program for its future fleet requirements. Boeing has eight 737 passenger-to-freighter production lines in China that allow for one conversion at a time. Luxembourg - December 21 st 2020: Vallair, the multi-faceted aviation business and launch customer of the Airbus A321 freighter, is pioneering the first passenger to freighter conversions to be undertaken in China. Data from IBA’s Insight.iQ platform also demonstrates the dominance of certain aircraft types in the passenger to freighter conversion market.The Boeing 737 Classic family have now been surpassed by the Boeing 737-800 in terms of conversion rates, of which 27 were converted in 2020, and around 40 are set to be converted over the next 12 months. Derivative of Non-Cargo Aircraft Segment to Exhibit the Highest Growth Rate During the Forecast Period . Kuehne+Nagel (K+N) has adapted its KN InteriorChain end-to-end logistics solution to support the passenger to freighter aircraft conversion (P2F) market. The remaining three aircraft in the initial commitment are expected to arrive within a year or so from arrival of our first freighter, and further aircraft may be sourced depending on market development. PEMCO’s 60-plus customers select the company’s passenger-to-freighter conversions for their superior cargo door and loading systems, superior operating functions, on-time turnaround, and PEMCO’s track record of 2 million hours of safe, reliable operation. The increase in air cargo transport and the recent COVID-19 outbreak has propelled the demand for the passenger to freighter conversion aircraft. In February 2020, Elbe Flugzeugwerke, a joint venture of Airbus and ST Engineering, received a supplementary type certificate from the EU Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion. In this case, we are designing a great product, at a sensible price, based on knowledge developed as the market leader in the B737 passenger to freighter conversion market. Commercial Jet specializes in heavy maintenance and modification services, complete airframe inspections, freighter conversions, interior modifications, avionics upgrade programs and aircraft painting. China Southern Airlines has signed an agreement with U.S. aircraft manufacturer Boeing to set up a 737 NG passenger-to-freighter (P2F) conversion production line in Guangzhou, China. The Boeing 737 Classic family have now been surpassed by the Boeing 737-800 in terms of conversion rates, of which 27 were converted in 2020, and around 40 are set to be converted over the next 12 months. lot of passenger-to-freighter (P2F) conversions and that means this segment of the market is looking pretty good right now. Israel Aerospace Industries is intending to establish a Boeing 777 passenger-to-freighter conversion facility in South Korea, specialising in both -200LR and -300ER modification. The Europe freighter aircraft market demand is primarily driven by factors such as rise in new trade relationships among economies as well as fleet modernization plans of the airlines and cargo delivery providers. 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 plane has since entered service for FitsAir, a small Sri Lankan service based mostly in Colombo, the nation’s largest metropolis. ... for passenger-to-freighter conversion … According to Boeing, the 767-300 passenger-to-freighter models are just as efficient as its 767-300 production freighters, with a maximum 56.5-ton payload and a … “The conversion market is very good right now and all of our lines are full for the rest of this year,” stated Mike Andrews, director of conversion … 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 Airbus A321 Passenger to Freight conversion program was launched by ST Engineering and Airbus through their joint-venture Elbe Flugzeugwerke (EFW) in 2015. GECAS Cargo supports freight forwarders, express delivery & cargo operators, delivering modern narrowbody and widebody freighter aircraft. The aircraft promises to be the most capable freighter in its class and also the most environmentally efficient.” He added, “Our Global Market Forecast predicts that around 1,000 small freighter conversions will be required over the next 20 years – a solid basis for the A321P2F to replace ageing fleets for years to come.” GE Capital Aviation Services (Gecas) and Israel Aerospace Industries (IAI) said today they were halfway through the development programme for the 777-300ER conversion, a “key milestone”. Based on the current market, analysts expect a growing demand for passenger to freighter conversion (P2F). 16 Jun 2020 - Gameco Inaugurates Boeing 737-800 Freighter Conversion Line Sept. 29, 2020 -- Through a new partnership with Sequoia Aircraft Conversions and the Kansas Modification Center, the National Institute for Aviation Research at Wichita State University will begin a large-scale entrepreneurial Boeing 777 passenger-to-freighter conversion program. Passenger aircraft are sometimes converted to all-cargo mode after more than 20 years of service, but the A380 is already being retired after just a dozen years or so. SriLankan Engineering the engineering and maintenance arm of SriLankan Airlines, has entered into a strategic collaboration with UK-based Avensis Aviation to offer Maintenance (MRO) services for the embodiment of Passenger-to-Freighter (PTF) conversions for Airbus A320 and A330 aircraft. The program will be based in Wichita, Kansas, long recognized as a center of excellence in aerospace manufacturing and engineering. Quite a number of cargo airlines choose to operate a first-hand quality converted freighter. With hundreds of cargo conversions across 26 freighter platforms, including well over 150 Boeing 737-300 and 737-400 freighters, PEMCO is by far the market leader in narrowbody passenger-to-freighter aircraft conversions. About 1,440 will be converted passenger airplanes, an economical alternative to ... NARROW-BODY B737NG PASSENGER CONVERSION TO FREIGHTER ] Converting passenger aircraft into a freighter is a way to extend the economic life of an aircraft. These aircraft will be the first freighter aircraft in the airline’s fleet and the plan for the full freighter configuration comes as demand for air cargo consistently increases. 2018's average is 7–8 million USD per conversion. The deal also includes undercarriage overhaul for Boeing 777s and 787s, a support centre for Boeing 787s, and support programmes for Guangzhou Aircraft Maintenance Engineering Co (GAMECO). Airbus is trying to find out if customers are interested. CDB Aviation announced a new partnership with Germany-based EFW to conduct the Passenger-to-Freighter (P2F) conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022. Looking at the freighter conversion market today, and its influences, Refael Matalon says the market is devised by leasing companies and operators while the leasing companies are the major players . The 777-300ERSF, as the converted variant is known, could make an A350 program a tougher sell. Is there a way to keep them flying as cargo planes? Derivative of Non-Cargo Aircraft Segment to Exhibit the Highest Growth Rate During the Forecast Period . IAI's Aviation Group has accumulated vast experience performing commercial aircraft conversion programs. Key Market Trends . About Wagner Aeronautical, Inc. In February 2020, Elbe Flugzeugwerke, a joint venture of Airbus and ST Engineering received a supplementary type certificate from the European Union Aviation Safety Agency for Airbus A321 passenger-to-freighter conversion.
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