P2F Market is Booming and How

P2F Market is Booming and How 

Airbus, one of the world's largest airplane manufacturers, has firmed up plans for the freighter version of its successful passenger jet A350 with interest from the likes of global cargo giants DHL and UPS. And Boeing, which has a near monopoly in the production freighter market, has a plan for a freighter version of it's yet to be operational passenger jet B777X.

While the Covid-19 pandemic has taken its toll on the aviation sector, cargo operations are offsetting operators’ losses, as it continues to play a critical role in facilitating international trade. As a result, industry forecasts show an increase in demand for wide-body freighter aircraft with long-haul capacity.

As original equipment manufacturers like Airbus and Boeing expand their production freighter options, the conversion of passenger-to-freighter (P2F) business has also boomed ever since the Covid-19 pandemic gripped the world.

In a latest development, Mammoth Freighters, a Florida-based company founded in December 2020, is promising to offer a P2F conversion programme for both Boeing 777-200LR and 777-300ER. Mammoth plans a flexible business model to market which provides dynamic options for global air cargo operators. It offers conversions for customer-owned 777s and ready-to-fly converted freighters from its existing fleet of 10 ex-Delta 777-200LRs.

Etihad Engineering and Israel Aerospace Industries team up for P2F Conversions

 Etihad Engineering and Israel Aerospace Industries team up for P2F Conversions

Etihad Engineering has signed a strategic partnership with Israel Aerospace Industries (IAI), to provide Passenger to Freighter (P2F) conversions on Boeing 777-300ER’s.

In 2019, IAI and GE Capital Aviation Services (GECAS) announced the launch of the Boeing 777-300ERSF, a programme which established a P2F conversion dubbed ‘The Big Twin’ denoting its status as the largest ever twin-engine freighter.

While the Covid-19 pandemic has taken its toll on the aviation sector, cargo operations are offsetting operators’ losses, as it continues to play a critical role in facilitating international trade. As a result, industry forecasts show an increase in demand for wide-body freighter aircraft with long-haul capacity. 

Etihad Engineering will capitalise on their expertise and extensive capabilities for the specialised Boeing 777-300ERSF conversion. In the initial stage of the partnership, Etihad Engineering will facilitate towards two conversion lines accommodating multiple aircraft conversions per year. 

Tony Douglas, group chief executive officer, Etihad Aviation Group said, “The Boeing 777-300ERSF is not only extremely attractive to customers but a technological breakthrough, given that it’s the first in its size category to offer extensive cargo solutions. Not only do we see the demand, but we view it as a greener, more profitable, highly innovative solution for our airline customers, and an excellent way to drive value for our business.”

Abdul Khaliq Saeed, chief executive officer, Etihad Engineering said, “We are delighted to announce our partnership with IAI which maximises the potential of our highly skilled workforce and reinforces Etihad Engineering’s position as a centre of excellence in Abu Dhabi in line with Abu Dhabi’s economic vision 2030. Our commitment to the P2F programme demonstrates our confidence in the ability of IAI to deliver long-term value enhancement of the B777-300ER’s in the global fleet.”

Boaz Levy, President and CEO, Israel Aerospace Industries said, “The Abraham Accords have given IAI the opportunity to expand its global activity to the Gulf region. IAI is active in over 100 countries across the world. Establishing the conversion site in partnership with Etihad Engineering is a testament to IAI’s strong ties with the UAE and strengthens its foothold in the region. I am confident that this agreement will lead to many more partnerships with local companies in the Gulf States, which will grow our business in the region.”