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.

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.

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.

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

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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18523867_AerData.indd 1 The official publication of the International Society of Transport Aircraft Trading

4/20/11 2:05:45 PM

Jetrader - May/June 2012

Table of Contents for the Digital Edition of Jetrader - May/June 2012

A Message from the President
Q&A: Nicholas E. Calio, Airlines for America
Forecast at ISTAT Americas 2012 Beckons Bright Year Ahead
Fans, Financiers Fancy the Dreamliner on its ‘Dream Tour’
What’s Ahead for the Freighter Conversion Market?
Aircraft Appraisals
The International Appraiser’s Program
Remembering Bill Bath Index
Jetrader - May/June 2012 - cover1
Jetrader - May/June 2012 - cover2
Jetrader - May/June 2012 - A Message from the President
Jetrader - May/June 2012 - 4
Jetrader - May/June 2012 - 5
Jetrader - May/June 2012 - Calendar/News
Jetrader - May/June 2012 - Q&A: Nicholas E. Calio, Airlines for America
Jetrader - May/June 2012 - 8
Jetrader - May/June 2012 - Forecast at ISTAT Americas 2012 Beckons Bright Year Ahead
Jetrader - May/June 2012 - 10
Jetrader - May/June 2012 - 11
Jetrader - May/June 2012 - 12
Jetrader - May/June 2012 - 13
Jetrader - May/June 2012 - Fans, Financiers Fancy the Dreamliner on its ‘Dream Tour’
Jetrader - May/June 2012 - 15
Jetrader - May/June 2012 - What’s Ahead for the Freighter Conversion Market?
Jetrader - May/June 2012 - 17
Jetrader - May/June 2012 - 18
Jetrader - May/June 2012 - Aircraft Appraisals
Jetrader - May/June 2012 - 20
Jetrader - May/June 2012 - The International Appraiser’s Program
Jetrader - May/June 2012 - Remembering Bill Bath
Jetrader - May/June 2012 - 23
Jetrader - May/June 2012 - 24
Jetrader - May/June 2012 - 25
Jetrader - May/June 2012 - Index
Jetrader - May/June 2012 - cover3
Jetrader - May/June 2012 - cover4