Page 17 - AAA SEPTEMBER-OCTOBER 2021 Online Magazine
P. 17

INTERVIEW: IAI

        PRIMED                                        With cargo aircraft traffic projected to double in the next 20 years
                                                     and demand for passenger-to-freighter (P2F) conversions spik-
                                                     ing, Israel Aerospace Industries (IAI), which has seen exponential
                                                     growth in the sector, is set to announce more conversion sites for
                                                     the B777-300 and other aircraft types.
        FOR                                          The company, which in partnership with GE Capital Aviation

                                                     Services (GECAS)  started the structural modification phase in
                                                     the conversion of the first Boeing 777-300ERSF in August, is
                                                     also establishing a facility in Abu Dhabi with Etihad Engineering
                                                     for Boeing 777-300ER P2F aircraft. In October, the company
        GROWTH                                       announced that it would convert 30 A330-300 jets from passen-
                                                     ger to cargo configuration between 2025 and 2028 for aircraft
                                                     leasing company Avolon.

                                                     Rafi Matalon, VP of Marketing in IAI’s Aviation Group, believes
                                                     the demand for P2F conversions is here to stay and will continue
                                                     to grow globally. “Converting passenger jets into cargo aircraft pro-
         IAI IS PRIMED TO FURTHER                    vides an excellent and economically smart solution to both airlines
         CONSOLIDATE ITS PREMIER                     and leasing companies, giving them a solution for investing less
         POSITION IN THE P2F                         than a third of the price of purchasing a new freighter with equally
         CONVERSION MARKET                           excellent, and even better, performance, and generating additional
                                                     revenue for 10-15 years,” he tells Arun Sivasankaran in an interview.

                                                     Boeing forecasts the global freighter fleet - freighters
                                                     and conversions—to grow more than 60 per cent
                                                     to 3,260 over the next two decades, with as many
                                                     as 2,430 freighters deliveries. Do you foresee IAI
                                                     expanding its P2F conversion activity further to keep
                                                     up with global demand?


                                                     As the air cargo industry has been expanding, both due to the rise
                                                     in e-commerce and in response to the Covid-19 pandemic, IAI has
                                                     been at the forefront of providing the best solutions to the industry
                                                     and has established a number of P2F conversion sites all over the
                                                     world for different aircraft models. As the demand for cargo aircraft
                                                     soars, IAI is increasing its cargo conversion facilities globally.

                                                     IAI currently operates 8 conversion lines for the B767 model (6 at IAI
                                                     headquarters in Israel and 2 in Mexico), and 3 conversion sites for
                                                     the B737-700/800 model (2 in China and 1 in Italy). IAI has recently
                                                     begun structural modification on the first B777-300 aircraft in part-
                                                     nership with GECAS and will establish a conversion site for this
                                                     model in Abu Dhabi in partnership with Etihad Engineering. IAI will
                                                     soon be announcing more conversion sites worldwide – providing
                                                     the right solution to the rising demand.

                                                     With demand growing, both Boeing and Airbus are
                                                     focusing more than ever on the freighter market.
                                                     Do you think there is enough space in the freighter
                                                     market for aircraft OEMs and independent compa-
                                                     nies such as IAI to coexist?

         Rafi Matalon, VP of Marketing, IAI’s        As e-commerce has grown, so has the freighter market. More
                    Aviation Group                   operators have turned to the phenomenon of cargo conversions


         ASIAN AIRLINES & AEROSPACE                                                          September/October | 17
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