Challenge Group announces the conversion of 8 passenger aircraft to full cargo freighters with the Israeli Aerospace Industries (IAI) Aviation Division. Four B767-300BDSF aircraft and four B777-300ERSF aircraft will be converted.
The total investment in the acquisition of these 8 aircraft and the conversion program will amount to several hundred million. This move will triple the fleet and is in line with the growth strategy.
The conversion of the B767-300BDSF aircraft will take place during 2022 at a conversion site of IAI. “We expect to take delivery of our first unit during Q3 of 2022, with the remainder being delivered by the end of 2023. The B777-300ERSF aircraft will be converted in a second phase during 2025-2026 and will increase the group's fleet to a total of 12 aircraft within the next 5 years,” says Yossi Shoukroun, CEO, Challenge Group.
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