BBAM to lease two Airbus A321P2F to Lufthansa Cargo

 BBAM to lease two Airbus A321P2F to Lufthansa Cargo

BBAM Limited Partnership (BBAM) and Lufthansa Cargo sign an agreement to lease two Airbus A321 passenger-to-freighter (P2F) aircraft on long-term leases. The Airbus A321P2F aircraft will be leased to Lufthansa Cargo on long-term leases from BBAM.

In July this year, Lufthansa Cargo had announced that the company will offer its customers additional capacity in Europe from the beginning of 2022 by permanently converting Airbus 321 passenger aircraft into freighters. This new agreement is the first step towards its commitment. 

The A321P2F will offer customers in the eCommerce segment fast intra-European connections. With this the company is meeting their customers' growing demand for same-day solutions and further strengthening its dense network of global connections as well as its product offering. 

“Partnering with BBAM on these converted freighters gives the former passenger aircraft a second life and enables us to offer our customers the much-needed additional capacity in Europe,” said Dorothea von Boxberg, CEO of Lufthansa Cargo. “The A321P2F offers unique benefits, including increased cargo capacity, best-in-class economics, reduced weight, and a lower carbon footprint, providing us with a great deal of flexibility in managing freight.”

BBAM and EFW sign agreement for Airbus A320/A321P2F Conversion

 BBAM and EFW sign agreement for Airbus A320/A321P2F Conversion

BBAM Limited Partnership (BBAM), a world leader in aircraft leasing joined hands with Elbe Flugzeugwerke (EFW), a joint venture of ST Engineering and Airbus for an Airbus A320/A321 Passenger-to-Freighter (P2F) orders including options. 

The new orders by BBAM bring the total number of its A320/A321P2F to around 20, with the conversions to be carried out by EFW through 2025. The agreement comes with the option to add new conversion slots every year starting in 2026.

“With this latest order, BBAM is now the largest aircraft lessor for the A320/A321P2F programme and one of the top P2F customers of EFW,” said Andreas Sperl, chief executive officer of EFW. “The order volume by BBAM translates into a full conversion line with a minimum of five slots per year, with many of the conversions to be carried out at the airframe facility of our parent company, ST Engineering, in the U.S. When combined with top-notch conversion standards, our A321P2F solution offers unique benefits for air freight activities, including best-in-class economics, reduced noise, lower carbon footprint, real-time health monitoring and the highest level in reliability.”

“Our commitment to the P2F programme demonstrates our confidence in the ability of EFW and ST Engineering to deliver long-term value enhancement for the A320s and A321s in our fleet,” said Steve Zissis, president and chief executive officer of BBAM. “We have committed to the A320/A321P2F programme well into the future – beyond 2026 – because we see it as a greener and highly innovative solution for our airline customers, and an excellent way to drive value for our investors."

In January this year, BBAM announced the delivery of the world’s first Airbus A321P2F on lease to Titan Airways.

The Airbus A320/A321P2F is a technological breakthrough and offers containerized loading in both the main deck (up to 14 full container positions) and lower deck (up to 10 container positions).