ST Engineering has on Monday announced that its commercial aerospace business has signed an agreement to lease up to five Airbus A320 Passenger-to-Freighter (P2F) aircraft to Vaayu Group (Vaayu) which is a leading UAE based aviation solutions player.
In line with this development, leading Nairobi-based all-cargo airline Astral Aviation will be the launch operator for the first two of the five A320P2F aircraft which will be sub-leased to them from Vaayu.
Incidentally, this is the world's first A320P2F aircraft by Elbe Flugzeugwerke, a joint venture of ST Engineering and Airbus that is currently in its certification phase and is expected to be ready for revenue service in the first half of 2022. This will also be the world's first A320P2F aircraft to go into operation. ST Engineering is also slated to convert and lease the remaining four freighter aircraft progressively.
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