Avolon will partner with IAI, world’s leading independent freighter conversion company, as launch customer for the IAI A330-300 P2F cargo conversion programme. Avolon commits to 30 Airbus A330-300 P2F conversion slots between 2025 and 2028.
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Avolon, the international aircraft leasing company, announces a significant commitment to the global air freighter market to capitalise on the growth in e-commerce. Air cargo revenues are forecasted to exceed US$150 billion in 2021 with traffic expected to double over the next 20 years.
To capitalise on this clear opportunity, Avolon has signed an agreement with Israel Aerospace Industries (IAI), the world’s leading independent freighter conversion company. Avolon will be IAI’s launch customer for their Airbus A330-300 freighter conversion programme. The agreement will see Avolon partner with IAI on its STC development and take 30 A330-300 conversion slots with IAI between 2025 and 2028.
Today, we announced that we have made a significant commitment to the global air freighter market by becoming @ILAerospaceIAI launch customer for their Airbus A330-300 freighter conversion programme. Read more here: https://t.co/7354nJaVyr #Aviation #AvGeek #AviationDaily
— Avolon (@avolon_aero) October 4, 2021
Avolon has identified IAI as the global leader in the passenger-to-freighter (P2F) conversion market. With a range of over 3,600 nautical miles at maximum payload of 61 tonnes, the IAI A330-300 freighter is uniquely placed to support the forecasted growth in e-commerce over the next 20 years. The IAI A330-300 product will offer a competitive edge to air cargo operators looking to expand or replace their medium wide body freighter fleets.
IAI’s A330-300 P2F will increase cargo volume capacity with up to 27 main deck pallet positions, one more than the competition, and will drive enhanced cargo loading performance due to its optimized door position. These product advantages will drive improvements in the most important operating measures for companies in the air freight market.
IAI is doing it again – the time to convert @Airbus ✈️ has arrived!
For the first time ever, IAI will convert A330-300 aircraft from 💺 to 📦. Between 2025-2028, 3️⃣0️⃣ jets will be converted for @Avolon_aero.
IAI – leading the air cargo industry higher every day ☀️ pic.twitter.com/wcxZpBLI7n
— Israel Aerospace Industries (@ILAerospaceIAI) October 4, 2021