Clearly it is the absence of belly-hold capacity that is keeping rates buoyant. And in recent days, one of its freighter conversions caught people's attention, because it involved a rather young jet. Thank you for your email. Asking for help, clarification, or responding to other answers. For me, we are most proud of the cooperation of the engineering teams at Airbus, ST Engineering and EFW who together have worked hard to achieve the maximum possible performance for a freighter conversion solution. The aircraft (MSN 32789) will become the first ever B777 converted into a freighter configuration and marks the launch of the "Big Twin" programme announced last October. When the cost of the feedstock aircraft and other costs. The number of passenger-to-freighter conversions has steadily increased at a 9% compound annual growth rate from 2010-21, driven by demand for standard-size freighters best suited for regional package networks. Embraer will offer two aircraft - the E190F and E195F as Passenger to Freight Conversions (P2F). By Dominic Perry2021-05-12T14:51:00+01:00. Additional facilities, including a new A330 production line at Chengdu-based Aircraft Maintenance and Engineering Corp. (Ameco) that is scheduled to open this year, are designed to bring the companys production capacity to 60 aircraft per year by 2025, according to EFW. How much does a passenger-to-freighter conversion cost? Our CG (center of gravity) optimised conversion design results in a well . "Conversely, passenger aircraft utilisation fell from over 2.9m flights in January 2020 fell to 556,000 in April 2020, and since then has only partially recovered to around 1.5m flights in January 2021." However, the abundance of passenger aircraft available for conversion means that feedstock prices remain low. for interlining with smaller freighters such as the BAE146/AvroRJ). We also highlight the A320 Familys unique cargo belly hold (ie lower deck) which allows for mixed-fleet operation and interlining between Airbus single-aisle passenger aircraft and freighters, which is a significant operational and commercial advantage for airlines. G.B. The facility is set to come online at some point in 2022. News that Singaporean firms ST Engineering and investment company Temasek are joining forces to create a new leasing venture for converted freighters is the latest in a series of recent announcements focused on the booming market for passenger to freighter (P2F) modifications. 2021 is looking to be an even stronger year for the type, it says, with nearly 40 aircraft pending. T.C. googletag.enableServices(); With many fleets seeing early retirements, theres plenty of planes ripe for conversion. AerSale's Goodyear, AZ heavy-MRO facility has been performing P2F conversions on 757 aircraft since 2013. EirTrade says the identity of the airframes to be dismantled is currently confidential. Boeing sees the cargo market as a whole growing at an annual rate of 4% over the next 20 years, resulting in the need for a freighter fleet 60% larger than todays, rising from 2,010 to 3,260 units. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); }); googletag.cmd.push(function() { The design will make use of the existing B777-300ER passenger airframe, which is now the most popular widebody aircraft variant in history. googletag.cmd.push(function() { Conversion costs vary depending on the model of aircraft, but data from aviation analytics firm IBA shows that narrowbody conversions typically cost somewhere in the $4-6 million range, while widebody P2Fs can cost as much as $18 million. Airbus A321s that have completed their operational service carrying passengers for airlines can soon have a second life as highly efficient freighters, converted through a programme involving ST Engineering and Airbus with their joint venture, Elbe Flugzeugwerke (EFW). }); EFW has delivered 16 passenger-to-freighter conversions of single-aisle aircraft, including one A320 a slightly smaller sister to the A321 so far. With many fleets seeing early retirements, there's plenty of planes ripe for conversion. This allows us to locate the rigid cargo barrier at this position. Why are non-Western countries siding with China in the UN? As a conversion house that has redelivered over 400 aircraft through its Passenger-to-Freighter (P2F) programmes since 1996, ST Engineering is today one of the world's largest and most experienced solution providers for freighter conversion. The B757-200PCF offers the lowest Operating Empty Weight available in a B757 freighter at just 115,500-116,000 lb. 2,430 aircraft will be delivered, around 50% of which will replace current inventory. Kuehne+Nagel now offers 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. Why is the article "the" used in "He invented THE slide rule"? Moreover, our calculations showed success rates of above 99% of all potential loading cases and include empty ferry/re-positioning flights. At the moment the market doesn't support it, but it could, in the future. What are some tools or methods I can purchase to trace a water leak? 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Global air freight's future. AEI currently offers passenger-to-freighter conversions for the Boeing 737-400, 737-300, 737-200 and MD-80 aircraft. Thanks for contributing an answer to Aviation Stack Exchange! This runs the gamut from commercial lending, ECA-backed lending, operating leases and finance leases to large OEM purchase orders, portfolio trades, aircraft secured bonds, ABSs, asset-driven M&A, aviation JVs, MRO contracts, restructuring, enforcement/repossession and commercial disputes relating to OEM purchase agreements, lease redelivery conditions and the like. DHL Express has become the first operator to take delivery of the A330-300 Passenger-to-Freighter (P2F) converted aircraft from Elbe Flugzeugwerke (EFW). Many are keen to invest to hedge their existing passenger aircraft exposure, create new business lines around it, and/or build out their existing expertise (in the case of MROs/conversion specialists) to increase capacity and the range of conversion programs on offer. How much does it cost if someone falls ill before take-off? At these prices, further demand can be expected. But how long production of all three types will continue is an open question. HAECO Xiamen has carried out 757 conversions for Beaverton, Oregon-based Precision Aircraft Solutions since 2010 and is preparing to switch a 757 production line to support the A321 by the summer. What does the future of aviation look like in 2022? EFW is converting A320/321 and A330 aircraft to freighters. In 2011, PAS developed, certified and produced a Boeing 757-200PCC combined passenger/freighter (combi) variant for CAM. This email cannot be added to this list. We obtained a Supplemental Type Certificate from the Civil Aviation Authority of Singapore for this modification in August 2020. Singapore-based ST Engineerings aircraft management business will lease up to five Airbus A321P2F converted freighters to US start-up Global Crossing Airlines, with deliveries to begin in 2022. Cash receipts from government payroll support programs, which are included in operating cash flows, were $0 and $83.0 million for the years ended December 31, 2022 and 2021, respectively. For instance, the EFW A321 P2F conversion programme was launched in 2015, with a launch order secured two years later. Mammoth Freighters, a U.S.-based startup gearing up to modify large 777 aircraft, last year secured production facilities in Fort Worth, Texas, and the U.K. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. Browse other questions tagged, Start here for a quick overview of the site, Detailed answers to any questions you might have, Discuss the workings and policies of this site. Hong Kong Aircraft Engineering Co. Ltd. (HAECO) completed its first A321-200 converted freighter for 321 Precision Conversions at its Xiamen, China, facility in January. While no figures are officially available, IBA estimates the conversion cost of a 2005-built 777-300ER to be around $32.5 million. is there a chinese version of ex. P2F conversions serve as a form of investment for airline companies. googletag.pubads().enableSingleRequest(); Providing commentary for outlets including the BBC, CNBC, Reuters Thomson, and others, she works closely with IATA, AviaDev, and various airlines and suppliers to get the inside track on the global marketplace. Jordan's line about intimate parties in The Great Gatsby? All rights reserved. Boeing will expand its conversion business by setting up a passenger-to-freight facility in Costa Rica. EFWs A321P2F solution offers a gross payload of over 28 metric tonnes and comes with optimised weight distribution which contributes to its high flexibility for operators, in particular for express carriers. googletag.pubads().collapseEmptyDivs(); The average conversion cost for the Boeing 767-300ER is US$14.7 million, compared to US$18.4 million for the A330-300. Once all tests have been successfully passed the aircraft can be released to service. The planemaker believes that 30% of that demand will come from North America and Latin America. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767737710-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Today,. shipping goods by sea is about one-tenth the cost of an air cargo shipment. Authors: Simon G. Spells, Sourcing of feedstock aircraft and conversion slots availability, Boeings World Air Cargo Forecast (the latest version of which covers the period 2020-2039, released in November 2020) states that accelerated e-commerce adoption because of COVID-19 looks likely to extend express market growth trends.. Of course, whether Boeing continues to offer the -300F is not guaranteed. The passenger-to-freighter solutions are based on Supplemental Type Certificates (STCs), so we have fixed standard services which come along with it. The A321 has more volumetric capacity with containers in the lower hold as the 757 and burns 12% less fuel, making it a better for operating costs. Throughout the pandemic, the cargo market has shone. We provide news, data, analytics and advisory services to connect the aviation community globally and help organisations shape their business strategies, identify new opportunities and make better decisions faster. One-week Type Training approved courses such as A320 difference courses, but also recurrent training and structure courses, have since been deployed. How much does it cost to design a jetliner's wing? If this is not the case upgrades can be installed which can be coordinated with Airbus and EFWs respective upgrade services teams. Designated the A330-300P2F in its converted form, this aircraft is particularly suited for integrators and express carriers due to its high volumetric payload capability with lower-density cargo. U.S.-based rival 321 Precision Conversions, which started later than EFW, has delivered a handful of A321 passenger-to-freighter conversions but expects to significantly ramp up production this year and is booked out into 2025, according to Sales Director Zachary Young. Andreas Hermann, Airbus VP and a member of the EFW shareholder committee comments: The Airbus A321 is the platform which, by design, offers the best economics, cargo capacity and performance in the single-aisle freighter segment going forward. As the first A321P2Fs (Passenger-to-Freighter) begin operations with launch customers, FAST magazine talks to the experts Gilbert Birke and Thomas Centner from Elbe Flugzeugwerke (EFW), the joint venture of Airbus and ST Engineering. Ethan has advised banks, lessors, airlines and other investors on some of the largest and most ground-breaking aviation transactions in the APAC region over the past decade. Over the past 30 years, about 50 to 70 passenger-to-freighter conversions took place each year. Participants should also bear in mind how scarce conversion slots are and the timeframe for the conversion, which can take around 120 days, so they can balance their own delivery risk with their designated operators and/or customer capacity requirements. So far, the only certainty is that 747-8F output will end in 2022. Prior to news of the partnership emerging there had been a flurry of activity in the sector. Shell Aviation: What will it take to Decarbonise Aviation? @FreeMan Yes, as D check. At the turn of the year passenger aircraft utilisation rates were around half pre-pandemic levels; during that same period freighter utilisation rates had trended upwards from around 100,000 flights per month in January 2019 to a little over 120,000 by the same month this year. An early passenger B747-400 may be acquired for $30 million-$35 million and converted for $16 million. The all-in price, including aircraft acquisition, is closer to $54.5 million. Having examination sessions at the end of the training courses and training certificates delivered in sequence was another benefit. Boeing is this year cutting output to two aircraft per month, including an unknown number of 777Xs. The number of distinct words in a sentence. The strength of the A321 is clearly its capability to accommodate fully containerised cargo on both decks a game-changer in this freighter size segment, and something which is not available on competing freighter platforms up to the B757. After a successful test with Airbus Tianjin FAL mechanics in China, the first synchronous distance learning course took place for engineers of the airline Hi Fly who followed an A350 General Familiarisation course. While the P2F process itself does not require any WV change, WV upgrades/downgrades can be performed on customers request if a particular feedstock airframe has that WV option. Furthermore, access to the B737s lower-hold is constrained due to its smaller and inwards-opening doors. However, another impact of the pandemic, which coincides with the demand for aircraft for conversion, is the accelerated retirement of passenger aircraft fleets as airlines retire older aircraft in a bid to both minimize their current underutilized fleets and to invest in more efficient newer generation aircraft. Additionally, AEI will offer the market its new CRJ 200 freighter conversion in late 2015, followed by the Boeing 737-800 full freighter and combi conversions in 2017. How much does it cost extra to fly with one additional passenger? Some advantages of our A320/A321P2F solution include: In contrast to other solutions providers who rely on reverse engineering, our Airbus P2F programmes are developed using OEM technical data to convert passenger aircraft into well-optimised and reliable freighter workhorse. Customers appreciated the fast adaptation to this new context and a maintenance training solution which met their expectations. In short, WV standardisation can be part of specific agreements with customers if conversion feedstock is acquired from multiple sources. Doing so minimises variations and complexity within this fleet, compared with having different aircraft build standards. Why do we kill some animals but not others? In such cases upgrade requests are closely coordinated with EFWs and Airbus Upgrade Services teams, with EFW acting as the MRO to install any required Service Bulletin (SB) kits as part of its additional services for the customer. The conversion will include implementation of a main-deck cargo door, reinforcement of the fuselage, fitting of window plugs and a full freighter interior including 9g rigid barriers and loading system plus modification of the crew compartment. G.B. The orders are heavily weighted toward the -300. 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