Lessor Avolon targets cargo with A330 conversion deal

By Damian Brett

Image: Shutterstock

Aircraft leasing firm Avolon will become the launch customer for Israel Aerospace Industries’ (IAI) A330-300 freighter conversion programme after signing a deal for 30 of the aircraft.

The agreement will see Avolon partner with IAI on its STC development and take 30 A330-300 conversion slots between 2025 and 2028.

The aircraft have a maximum payload of 61 tonnes, 27 maindeck pallet positions and a range of more than 3,600 nautical miles.

Avolon said the aircraft are “uniquely placed to support forecasted growth in e-commerce over the next 20 years”. 

Dómhnal Slattery, Avolon chief executive, said: “We identified IAI as a long-time global leader in the aircraft conversion business and the right partner for Avolon to capitalise on the unparalleled growth in e-commerce.

“The global airfreight market is worth over $150bn annually today and the sector is transforming, with air cargo traffic expected to double over the next 20 years. This agreement signals Avolon’s intention to be a leading player in that expansion.

“We believe the IAI A330-300 P2F will be the widebody freighter of choice this decade and beyond, replacing retiring aircraft and providing the volume capacity required to meet market needs.”

Share this story

Related Topics

Latest airlines news

AirBridgeCargo extends handling partnership with Frankfurt Cargo Services

AirBridgeCargo Airlines (ABC) has renewed its cargo handling contract at Frankfurt/Main Airport with Frankfurt Cargo Services (FCS). FCS, a subsidiary…

Read More

Share this story

United first to fly aircraft full of passengers using 100% SAF

United has operated a flight that will serve as a turning point in the industry’s effort to combat climate change….

Read More

Share this story

Dronamics to unveil first production Black Swan aircraft

Dronamics, a developer and operator of large cargo drones, is set to launch its Black Swan unmanned plane that can…

Read More

Share this story