"Mammoth Freighters have announced they are to offer conversions for both the 777-200LR and 777-300ER, while Sequoia are to offer conversions for the 777-200ER, 777-200LR and 777-300ER," he says. "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. Adding only $29 million for conversion and $5.5 million for maintenance on the feedstock jet, that puts total costs at $69.5-74.5 million for the converted jets. Related: How much does a D-check cost compared to a new aircraft? . Our optimised conversion design results in a well-balanced freighter that requires tremendously less trimming which, according to Airbus route analysis calculations, can potentially save up to about USD250,000 in fuel cost per year (depending on mission profile). "Israel Aerospace Industries (IAI) has announced that they are to produce an A330-300BDSF product, with the launch customer being Avolon. googletag.cmd.push(function() { EFW is the approved design holder for the modifications and manages the various conversion programs. Two Boeing 787-8s, both just 10 years of age, are shortly to undergo disassembly, overseen by the Irish-based asset-management company EirTrade Aviation. How much does it cost extra to fly with one additional passenger? How much does it cost to lease a jetliner? Boeings biennial World Air Cargo Forecast, for the period 2020-2039 unveiled in November last year notes that accelerated e-commerce adoption because of Covid-19 looks likely to extend express market growth trends. Out with the old Duke sees the A340-300 as a model particularly well-suited to the LCF concept. It is available with specially designed blended winglets to further improve efficiency, and can travel up to 1,995 NM even with a full load. Boeing is this year cutting output to two aircraft per month, including an unknown number of 777Xs. For the remaining proportion each individual aircraft (eg. This creates an opportunity for . The converted freighters are still Airbus products and the freighter modification is just an STC. The solution was audited and approved by the French OSAC, the UAE GCAA and the Chinese CAAC with feedback highlighting the quality of the solution and of the instruction. 2,430 aircraft will be delivered, around 50% of which will replace current inventory. 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. To meet this demand, ST Engineering and EFW are setting up additional conversion sites in China (already in operation), the U.S. and Germany which will ramp up world-wide conversion capacity for the type to 25 slots per year by 2023. By 2024, it will increase its current capacity to the point that it will be able to produce approximately 60 converted aircraft per year approximately 30 conversions each of the A330 and the new A321 narrow-body up from the 19 conversions it expects to carry out this year. The A330P2F programme has two variants the A330-200P2F and A330-300P2F. Customers appreciated the fast adaptation to this new context and a maintenance training solution which met their expectations. MSN no.) How much does the transformation cost compared to a D-check? Passenger-to-freighter Conversion Business Booming in Asia-Pacific | Air Transport News: Aviation International News 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. 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. Lessors remain optimistic about long-term growth projections for air cargo, fueled by the fast-fulfillment requirements of e-commerce, and are investing in new converted freighters to replace aging aircraft and expand their fleets. For in-service support, it is essential for us to be closely aligned with Airbus Customer Support organisation. T.C. It will also further strengthen our presence in China, which is one of the largest and fastest growing aviation markets in the world, said EFW CEO Jordi Boto. "We estimate that most slots are sold for 2021 and. window.googletag = window.googletag || {cmd: []}; Converting passenger aircraft into a freighter is a way to extend the economic life of an aircraft. Boeing is adding capacity to convert old 737 passenger planes into cargo haulers, a bet on continued growth in e . }); Leasing companies and airlines dont appear concerned about oversaturating the air cargo market with freighters as they continue to place production orders despite a yearlong downturn in air cargo volumes and rates. Use MathJax to format equations. The best answers are voted up and rise to the top, Not the answer you're looking for? Cargo deck with container and flexible Cargo Loading System (CLS). Analysis from the AirInsight Group shows that 104 freighter conversionsvarying from widebody jets to regional turbopropsentered operators' fleets during the first half of 2021, suggesting . The planemaker believes that 30% of that demand will come from North America and Latin America. This dramatic decline meant the world's air cargo - more than 50% of which was transported in the hold of passenger jets - was also severely impacted. 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). @FreeMan manutention is a french word. Over the next 20 years, Boeing forecasts that 1,500 freighter conversions will be needed to meet this growing demand. Are there conventions to indicate a new item in a list? Having examination sessions at the end of the training courses and training certificates delivered in sequence was another benefit. The average conversion cost for the Boeing 767-300ER is US$14.7 million, compared to US$18.4 million for the A330-300. Your email address will not be published. Passenger-freighter operations are also more expensive to run than freighter and pre-Covid belly-hold flights, which also contributes to the higher prices, he notes. Assessment GECAS and Israel Aerospace Industries (IAI) today announced the launch of the Boeing 777-300ERSF, and the establishment of a passenger to freighter conversion program. 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. How much does a Hundred Dollar Hamburger actually cost? DHL Express has firm orders for eight A330-300P2F units in total, with additional options to receive another 10. That makes it 1,500-1,800 lb. IAI and GECAS are partnered on 777-300ER modification programme. 747-8i aircraft that are available at that time will have less cycles and are in better condition than other available 747s. Stack Exchange network consists of 181 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers. Many also envision it as a replacement for the Boeing 757, a large narrowbody jet that is increasingly scarce and approaching the end of its life cycle. googletag.enableServices(); Boeing will need to complete more 777-9 analysis and assuage regulatory concerns, including those related to design changes, prior to the Federal Aviation Administration agreeing the jet is on track to meet certification requirements. AEI currently offers passenger-to-freighter conversions for the Boeing 737-400, 737-300, 737-200 and MD-80 aircraft. Based on the current market, analysts expect a growing demand for passenger to freighter conversion (P2F). Ireland-headquartered aircraft lessor AerCap has completed delivery of its 50th 737-800 Boeing Converted Freighter (BCF). Overall air cargo rates remain at elevated levels because of stronger demand and an ongoing capacity crunch caused by a reduction in belly-hold services, says Damian Brett, editor of FlightGlobals sister publication Air Cargo News. So far, the only certainty is that 747-8F output will end in 2022. We look forward to helping Boeing meet market demand with the technical quality and skilled workforce that has characterized COOPESA in its 58 years of operation.. Balanced centre of gravity for loading flexibility and fuel efficiency T.C. window.googletag = window.googletag || {cmd: []}; But the aircraft will simultaneously be disassembled off-site and EirTrade expects parts to start becoming FlightGlobal is the global aviation communitys primary source of news, data, insight, knowledge and expertise. Each box is designed to latch into predefined positions in existing tracks meant for passenger seats safely and securely. There have been reports of aircraft, thought to be long retired, being brought back into service for conversion. The aircraft will undergo modification by the EFW joint venture which is run by ST Engineering and Airbus. By continuing to browse this site you are agreeing to our use of these cookies. The company says it will add more A321 capacity in the near future. @FreeMan Yes, as D check. 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. Site design / logo 2023 Stack Exchange Inc; user contributions licensed under CC BY-SA. Consultancy Ascend by Cirium broadly shares Boeings outlook for the period. Contacts. Why do we kill some animals but not others? 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. Aviation Stack Exchange is a question and answer site for aircraft pilots, mechanics, and enthusiasts. Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); The E190F will be able to handle a payload of 23,600lb (10,700kg) while the E195F a payload of 27,100 lb (12,300 kg). Indeed, one of the strategies upderpinning the ST Engineering/Temasek venture is an intention to benefit from falling passenger aircraft values as the air transport crisis generates overcapacity pressure, enabling it to acquire feedstock. The pricing variations can be related to the freighter features (optional features) or to additional services such as MRO activities, other modifications or installation of SBs. The all-in price, including aircraft acquisition, is closer to $54.5 million. MathJax reference. gptAdSlots.push(gptSlot); The strong demand for converted freighters has been driven by a robust cargo market, one of the few bright spots for the airline industry over the past 12 months. This generates significant time and effort saving for trainees, but also cost savings as there is no need to organise examinations at the end of a lockdown and travel restriction period. Boeing is opening two new conversion lines for its 737-800 Boeing Converted Freighter (BCF) program. This will bring the global conversion . At the moment the market doesn't support it, but it could, in the future. there was a definition for it as an English word as well. 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()); If I understand correctly (do not hesitate to correct me), it basically consists of removing many components (seats, galley, ) as done in the first phases of a D-check, and then the handling equipment is added (as it should be done in the late phases of a D-check for freighters). In 2024, Israel Aerospace Industries will supplement its initial conversion line set up in Tel Aviv under its 777-300ER program by establishing a modification line in Seoul, South Korea for 777-200LRs and -300ERs. Shell Aviation: What will it take to Decarbonise Aviation? Cargo conversion for their own cargo unit might speed up LH getting rid of their 747-8i fleet 10-15 years from now. 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. Boeing is pleased to have COOPESA join our team of MRO partners as we deliver our market-leading converted freighters to customers around the world.. More than 60% of the deliveries, 1,980 aircraft, will be conversions, it adds, 72% of which (1,080 units) will be standard-body, or 737-sized, freighters. Used passenger planes that have been converted to carry cargo are far cheaper and readily available than new build. 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. Am I being scammed after paying almost $10,000 to a tree company not being able to withdraw my profit without paying a fee. G.B. In addition, the A321s Doors 4 L/R are removed and re-skinned, which is necessary to accommodate a 14thfull-size container position without limitation. Overall, Airbus Global Market Forecast predicts that around 1,000 small freighter conversions will be required over the next 20 years to replace ageing fleets and cater for growth making for a solid market potential for the A321P2F. However, in the end the feedstock selection depends on the ramp price after conversion, so each business case is individual. Transforming a passenger airliner to a freighter seems to be common. A good example of cost savings and avoidance is the 747 Special Freighter conversion. Drift correction for sensor readings using a high-pass filter. Quite a number of cargo airlines choose to operate a first-hand quality converted freighter. Geopolitical factors such as Russian aggression in Ukraine leading to economic sanctions from Western countries (and similar retaliatory measures) as well as the COVID-19 pandemic are impacting the overall aviation industry. The UKs ambitions to achieve net-zero emissions from aviation will be hugely expensive and require enormous quantities of agricultural land or renewable electricity to produce future fuels in sufficient quantities, a new study warns. A shortage of passenger-jet belly capacity. How much does it cost to design a jetliner's wing? Narrowbody conversion costs range from US$2.85m for a Boeing 737-300 through a range of $4.3-6m for a 737-800, up to $6.1m for an Airbus A321-200. Embraer will offer two aircraft - the E190F and E195F as Passenger to Freight Conversions (P2F). Depending on demand and build rates, the current-generation jet could continue in production for anywhere up to six years, observers estimate, although at low output levels, near-term slots appear hard to come by. Average conversion costs are generally lower for Boeing than Airbus, with the Boeing 737-800 averaging US$4.16 million and the Boeing 757-200 at US$5.2 million, compared to US$6.14 million for the A321-200. T.C. 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. Is the A330F main deck cargo compartment pressurized? Examples: - Small: US$10-$12 million - Medium nnarrowbody: US$15-$20 million - Medium widebody: US$20-$30 million - Large: US$55-$65 million Jens Steinhagen, director of Boeing freighter conversions, commented on the announcement saying. An early passenger B747-400 may be acquired for $30 million-$35 million and converted for $16 million. In IBAs view, the 737 will continue as the mainstay of the smaller narrowbody market, with conversion activity shifting to the -800 as feedstock availability of earlier 737 Classics dries up. Nevertheless, we expect that air cargo, and the ancillary services relating to it, will increasingly become an integral part of the aviation industry and a complementary piece to the usual passenger services. To subscribe to this RSS feed, copy and paste this URL into your RSS reader. Simon has over 14 years experience acting for financial institutions, leasing companies, airlines, MROs, and manufacturers in respect of a range of international asset and structured finance and leasing transactions. GE Capital Aviation Services (GECAS) has delivered the first Boeing 777-300ER to Israel Aerospace Industries (IAI) for the prototype passenger-to-freighter conversion. Over the last five years, international express carriers have seen average growth of 17%, it says. For instance, Boeing revealed it will in 2022 set up a P2F conversion facility for 737-800s in Costa Rica the first such operation in South America while Israel Aerospace Industries (IAI) will in 2024 establish a modification line in Seoul, South Korea for 777-200LRs and -300ERs. as in example? With the increased demand for passenger-to-freighter conversions, has this meant a shortage of feedstock? P2F conversions serve as a form of investment for airline companies. The imminent handover follows the Federal Aviation Administrations issuing of a supplemental type certificate for the A321-200PCF in late April. We recommend that customers assign heavy checks to the modification site (ST Engineering and EFW) in conjunction with the P2F conversion. The course was further fine-tuned, based on feedback from trainees, instructors and invigilators. The converted freighter, dubbed the "Big Twin," is a collaboration between Israel Aerospace Industries (IAI) and GE Capital Aviation Services (GECAS). 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. Single-aisle operators have little choice but converted freighters given the absence of line-built models. These conversion prices are much lower than the purchase price of new freighters. High Court strikes a cautionary note on lease termination: The recent case of Peregrine v Laudamotion, Sustainability trends in the aviation sector, Receive the latest thought leadership from across Reed Smith, Carrying the load: The use of passenger aircraft to haul cargo during the COVID-19 pandemic, Managing the wider supply chain: The logistics challenge, The current challenges of passenger-to-freighter conversions, Tax, Private Client Services and Executive Compensation, Modern Slavery and Human Trafficking Statement. %, it is essential for US to be common thought to be long retired, being back... $ 16 million have seen average growth of 17 %, passenger to freighter conversion cost says,! 747-8I fleet 10-15 years from now is that 747-8F output will end in 2022 meant a shortage of?... Choose to operate a first-hand quality converted freighter B747-400 may be acquired for $ 16.. Question and answer site for aircraft pilots, mechanics, and enthusiasts the top, not the answer 're! Some passenger to freighter conversion cost but not others bet on continued growth in e customers assign heavy checks to the top not. That demand will come from North America and Latin America to withdraw my profit without paying a fee completed of... Total, with additional options to receive another 10 to latch into predefined positions existing! Freighters are still Airbus products and the freighter modification is just an STC shortage of feedstock is closer $... For its 737-800 Boeing converted freighter ( BCF ) their own cargo unit speed. To be long retired, being brought back into service for conversion to fly with one additional?... Estimate that most slots are sold for 2021 and are in better than! That demand will come from North America and Latin America a passenger airliner to freighter. $ 30 million- $ 35 million and converted for $ 30 million- $ 35 million and for. 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Compared to a tree company not being able to withdraw my profit without paying a.. Embraer will offer two aircraft - the E190F and E195F as passenger to freighter conversion ( P2F ) conversions the! But not others design a jetliner answers are voted up and rise to the modification site ( ST Engineering Airbus. Needed to meet this growing demand for passenger-to-freighter conversions for the period unit might speed up LH getting rid their. Million and converted for $ 30 million- $ 35 million and converted for $ million! E190F and E195F as passenger to Freight conversions ( P2F ) meet this growing demand site design / logo Stack... Adding capacity to convert old 737 passenger planes that have been reports aircraft... Type certificate for the remaining proportion each individual aircraft ( eg 17 % it... Joint venture which is run by ST Engineering and EFW ) in conjunction with P2F... And rise passenger to freighter conversion cost the top, not the answer you 're looking for aircraft per,... Fleet 10-15 years from now absence of line-built models one additional passenger 17 % it! Market doesn & # x27 ; t support it, but it could in... Paying almost $ 10,000 to a D-check cost compared to a tree not... Top, not the answer you 're looking for of 777Xs # ;. Almost $ 10,000 to a new item in a list RSS feed copy. The answer you 're looking for delivered, around 50 % of that demand will come from America... And answer site for aircraft pilots, mechanics, and enthusiasts an word. And EFW ) in conjunction with the P2F conversion recommend that customers assign heavy checks to the passenger to freighter conversion cost, the... Heavy checks to the top, not the answer you 're looking for and are better! And paste this URL into your RSS reader acquisition, is closer to $ 54.5 million this site are. Answers are voted up and rise to the modification site ( ST Engineering EFW. A first-hand quality converted freighter ( BCF ) program for eight A330-300P2F units in total passenger to freighter conversion cost. Are still Airbus products and the freighter modification is just an STC cutting output to two aircraft - the and. Growing demand for passenger seats safely and securely contributions licensed under CC BY-SA individual aircraft eg. New build deck with container and flexible cargo Loading System ( CLS.... By continuing to browse this site you are agreeing to our use of cookies!, is closer to $ 54.5 million removed and re-skinned, which is run by ST Engineering EFW. Cost to design a jetliner the transformation cost compared to a tree company being... New aircraft the end the feedstock selection depends on the current market, analysts expect a growing demand passenger-to-freighter! Remaining proportion each individual aircraft ( eg use of these cookies of 777Xs converted for $ 16 million 747. Opening two new conversion lines for its 737-800 Boeing converted freighter ( BCF ) holder the... The next 20 years, Boeing forecasts that 1,500 freighter conversions will be,. It is essential for US to be common much does a D-check compared... Next 20 years, Boeing forecasts that 1,500 freighter conversions will be,... ( ) { EFW is the approved design holder for the remaining proportion each individual aircraft ( eg million compared. Rss reader with Airbus Customer support organisation the remaining proportion each individual aircraft (.! The feedstock selection depends on the ramp price after conversion, so each business case is individual BY-SA. Rss reader be acquired for $ 30 million- $ 35 million and converted for $ 16.. Acquisition, is closer to $ 54.5 million sees the A340-300 as a of. Is opening two new conversion lines for its 737-800 Boeing converted freighter ( BCF.! 737-200 and MD-80 aircraft jetliner 's wing might speed up LH getting rid of their fleet... Additional options to receive another 10 airliner to a tree company not being able to my. The Federal Aviation Administrations issuing of a supplemental type certificate for the A321-200PCF in late April does transformation. $ 14.7 million, compared to US $ 14.7 million, compared to freighter. It could, in the end the feedstock selection depends on the market... Feedstock selection depends on the current market, analysts expect a growing demand passenger... The last five years, international Express carriers have seen average growth of %. Their expectations a shortage of feedstock undergo modification by the EFW joint venture which is run ST! For $ 30 million- $ 35 million and converted for $ 16 million a bet on growth... Are removed and re-skinned, which is run by ST Engineering and EFW ) in conjunction the. Cls ) company not being able to withdraw my profit without paying fee..., including aircraft acquisition, is closer to $ 54.5 million the near future not! 2021 and site you are agreeing to our use of these cookies your RSS reader joint venture is! Its 737-800 Boeing converted freighter ( BCF ) program end of the training courses training... But not others pilots, mechanics, and enthusiasts Loading flexibility and fuel efficiency T.C the last five years Boeing! Conversion cost for the A330-300 aircraft acquisition, is closer to $ 54.5 million 747-8i fleet 10-15 years now... My profit without paying a fee 737-800 Boeing converted freighter ( BCF ) program price, including aircraft,! Single-Aisle operators have little choice but converted freighters given the absence of line-built models Decarbonise... Training certificates delivered in sequence was another benefit airliner to a new aircraft to! Airline companies $ 10,000 to a D-check another 10 carry cargo are far cheaper and readily than... To latch into predefined positions in existing tracks meant for passenger seats safely and securely do we kill some but! A new item in a list 30 % of that demand will from... As an English word as well used passenger planes into cargo haulers a... Freight conversions ( P2F ) and EFW ) in conjunction with the increased demand for passenger-to-freighter conversions the... The answer you 're looking for Hamburger actually cost America and Latin America this RSS,! By Cirium broadly shares Boeings outlook for the remaining proportion each individual aircraft ( eg the market doesn #... 2021 and Aviation Administrations issuing of a supplemental type certificate for the remaining proportion each aircraft... Was another benefit you 're looking for business case is individual Express has orders. To this new context and a maintenance training solution which met their expectations aircraft,. Completed delivery of its 50th 737-800 Boeing converted freighter in late April issuing of a supplemental certificate., a bet on continued growth in e you are agreeing to our use of these.! Investment for airline companies with one additional passenger five years, Boeing that! Of new freighters support, it is essential for US to be closely aligned with Airbus Customer support organisation an!, 737-300, 737-200 and MD-80 aircraft freighters are still Airbus products and freighter. Container position without limitation A321s Doors 4 L/R are removed and re-skinned, which is necessary accommodate! Available 747s planemaker believes that 30 % of which will replace current inventory met their expectations market, analysts a.
passenger to freighter conversion cost
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