Jetrader - May/June 2012 - 18

freighter. Airbus delivered 106 freighters, and 55 passenger aircraft have been converted. EFW, the EADS freighter conversion subsidiary, has a backlog of 15 aircraft, all for delivery to DHL. FSI, a subsidiary of BE Aerospace that acquired the A300B4 STC from British Aerospace, has converted one aircraft with a second in work for delivery to MNG. Given the age proﬁle of the remaining A300 passenger aircraft, an additional 10-15 aircraft are likely to be converted over the next few years.

P2F market is highly dependent on a strong global economy. Expect conversion orders to accelerate in late 2012.

Airbus’ stated intention in launching the program is to combine the resources of EFW and ST Aero with production slated for Dresden, Germany.

MD-11
Like the A300-600, the MD-11 enjoyed greater success in the freighter role. An astounding 87 percent of the passenger ﬂeet was converted with two additional units due for conversion in 2012. Given the lack of remaining feedstock, ﬂeet age and the market availability of existing freighters, this Boeing conversion program being carried out by ST Aero should terminate this year.

777
According to Dan da Silva, Boeing’s VP – Freighter Conversions, the company has completed 777 P2F product development studies on the -200ER and is currently in discussion with potential customers. Continuing strong demand in the passenger market has kept feedstock values too high to justify conversion. Boeing is targeting 2015-2016 for entry into service. In summary, the P2F market depends on airline passenger market developments as well as global economic conditions that drive airfreight demand. While there is an abundance of conversion capacity and sufﬁcient investment capital, desirable passenger aircraft feedstock pricing remains stubbornly high and airfreight ﬂows in key global markets are weak. History somehow has a way of repeating itself however, and a recovery for this market sector can be expected in 2013.

747
The 747 in all its variants has been the long-haul cargo workhorse for the past 30 years and is expected to continue its domination until the introduction of the 777 P2F conversion. As 747-200 freighters have retired, they are replaced by 747-400s. Seventy-one aircraft have been converted at facilities in Tel Aviv (IAI), Singapore, Korea and China. The current backlog of ﬁve aircraft is well below the production capacity of Boeing and IAI who both cite softness in the market. Given its international airfreight prominent role, the recovery in 747

A330
Airbus launched the production A330200F in 2007 and has delivered 10 aircraft to date. This aircraft ﬁlls a niche role as a long-range medium widebody freighter and has enjoyed limited success. At the recent Singapore Airshow, Airbus announced the launch of the A330-300 P2F program with ﬁrst deliveries expected in 2016. The -300 variant with its longer fuselage represents an ideal replacement for the A300-600F and a formidable competitor to the 767-300ERSF.

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Jetrader - May/June 2012

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