IAI to produce freighter conversions at Incheon Airport

Israel Aerospace Industries (IAI) has signed an agreement with Sharp Technics K and Incheon International Airport Corporation, to establish a facility for the passenger-to-freighter conversion of Boeing 777-ERSF (Big Twin) aircraft.

Within the framework of the collaboration agreement, IAI plans to convert widebody 777-300ER aircraft at South Korea’s Incheon Airport from 2024.

IAI’s Aviation Group recently conducted the first flight of its 777-300ERSF for lessor AerCap.

At the same time, IAI is in the final stages of receiving the necessary licensing approval, a process that is expected to be concluded within the year.

After conversion, the 777 will be able to carry loads of up to 100 tons. It will join IAI’s family of converted aircraft, including the Boeing 747, 767, NG737, and the Classic 737.

IAI’s president and chief executive, Boaz Levy, said: “The signing Ceremony held today reflects our close technological partnerships and business collaboration with the Republic of Korea. ROK and IAI are natural partners, sharing values and a bright vision of mutual technological innovation.

“We are happy to promote local partnerships, and work together on developing advanced solutions for present and future changing needs. IAI offers a wide variety of defense solutions and technological advancements for the region and for the Republic of Korea.”

Executive vice president and general manager of IAI’s Aviation Group, Shmuel Kuzi, said: “Today’s signing of the agreement with Sharp and Incheon International Airport represents a direct continuation of the many collaboration agreements already existing between IAI and South Korean companies, and underscores the confidence that the company has in South Korea’s ability to set up a conversion facility within the required timetable, while training the necessary personnel.

“IAI’s Aviation Group is a world leader in the field of wide-body passenger-to-freight aircraft conversions, and operates several such lines in Israel and around the world. I look forward to expanding our strategic cooperation with Korean companies and with the South Korean government.”

In 2021, IAI started structural modification work on the first B777 freighter conversion on behalf of programme partner GE Capital Aviation Services (GECAS) – since absorbed into AerCap.

The first aircraft is expected to deliver in the first half of 2023 to US cargo airline, Kalitta Air.

In January, AerCap signed lease agreements for four 777-300ERSF aircraft with Hong Kong-based global air cargo charter company, Fly Meta.

The aircraft are scheduled to deliver in 2024 through 2025.

IAI carries out first flight for B777-300 converted freighter

IAI starts structural work on first B777 conversion

AerCap signs lease agreements with Fly Meta for four B777-300ERSF aircraft