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growth in e-commerce. The global air freight market is worth over  specific  enhancements  were  subsequently
        US$150 billion annually today and the sector is transforming,  incorporated into the freighter and certified
        with air cargo traffic expected to double over the next 20 years.  prior to its re-delivery.  Jeffrey Lam, President
        This agreement signals Avolon’s intention to be a leading player  of ST Engineering’s Aerospace sector, said:
        in that expansion. “We believe the IAI A330-300 P2F will be the  “The completion of our first A321P2F was
        wide body freighter of choice this decade and beyond, replacing  timely, as the programme could help airlines
        retiring aircraft and providing the volume capacity required to  breathe new life into under-utilised aircraft,
        meet market needs. In partnering with IAI we have identified the  which would otherwise suffer a harder land-
        most efficient operator in the freight conversion market, guar-  ing in their residual value. With the A321P2F
        anteeing more cargo pallet capacity and crucially, faster turn  platform being the best-in-class for its size
        around times, in a market where every inch and second count,”  category – having 55 per cent more volumet-
        Slattery said.                                                 ric capacity than its nearest competitor – we
                                                                       are confident that the programme will be a
        Meanwhile, Boeing and aircraft maintenance company GMR Aero    great success in the freighter market.”
        Technic announced a partnership to set up India’s first freighter
        conversion facility in Hyderabad. “We are partnering with GMR  The A321P2F is the first in its size category
        for converted freighters facility in Hyderabad, Telangana,” Marc  to offer containerised loading in both the
        Allen,  Chief  Strategy  Officer  at  Boeing  said.  Globally,  1,720  main (up to 14 full container positions) and
        freighter conversion is likely to happen annually of which many  lower deck (up to 10 container positions). The
        will now be done in India. The converted freighter project will roll  conversion features a large main cargo door,
        out soon, GMR Aero Technic CEO Ashok Gopinath added.           which is hydraulically actuated and electri-
                                                                       cally locked, a Class E cargo compartment
        ST Engineering, another leading conversion house that has rede-  with full rigid 9g barrier for optimal protec-
        livered over 400 aircraft through its P2F programmes since 1996,   tion between crew and cargo, and a redefined
        is also witnessing growing demand for conversions.             flight deck that includes supernumerary seats

        ST Engineering, Airbus and their joint venture, Elbe Flugzeugwerke   and a new lavatory.
        (EFW)  achieved  a  key  milestone  in  their  joint  A321  passen-
        ger-to-freighter (P2F) conversion programme in September 2020  SHAPING UP
        with the re-delivery of the ‘head of version’ to launch customer,
        Vallair. The A321 converted freighter, operated by Qantas for   The year may have started under some chal-
        Australia Post, entered into service on October 27, 2020.      lenging  business  conditions,  with  January
                                                                       cargo demand down 14.9 per cent and capac-
        EFW had received the original Supplemental Type Certificate (STC)  ity up 3.9 per cent, but there is solid ground
        for the A321P2F from the European Union Aviation Safety Agency  for some cautious optimism about air cargo.
        (EASA) in February that year, and the Validation STC from the U.S.  “Yields remain higher than pre-pandemic. And
        Federal Aviation Administration in July the same year. Operator  China’s much faster than expected shift from

        ASIAN AIRLINES & AEROSPACE                                                           MARCH - APRIL 2023 | 7
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