IAI with Sharp Technics K and IIAC will convert Boeing B777-300ER aircraft, starting in 2024, recently completing a test flight of a 777 after P2F conversion, the first of its kind in the world.
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-freight conversion of Boeing 777-ERSF aircraft. The signing ceremony took place at South Korea’s Incheon International Airport, in the presence of senior officials and representatives of each of the companies.
The collaboration agreement will see IAI convert Boeing B777-300ER aircraft, starting in 2024. IAI’s Aviation Group recently completed a test flight of a 777 after it underwent passenger-to-cargo conversion, the first of its kind in the world. The company is also in the final stages of receiving the necessary licensing approval, a process expected to be concluded within the year.
Boaz Levy, IAI’s President and CEO, 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.”
Wide-body freighter aircraft capable of long-haul flights, such as the 777, are in high demand, and the conversion of these planes will allow them to carry loads of up to 100 tons. Analysts predict that the significant fuel savings resulting from the conversion will make the 777 one of the most popular freighter aircraft in the world, joining IAI’s family of converted aircraft, which includes the Boeing 747, 767, NG737, and Classic 737.
Shmuel Kuzi, Executive VP and General Manager, IAI’s Aviation Group 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.”
Read More Stories…Airbus Opens New Research Facility in China
Israel Aerospace Industries (IAI) is a world-leading civil aviation, defense, and space company that develops sophisticated solutions in the air, in space, on land, at sea, and in the fields of cybersecurity and homeland defense. The company is active in both civilian and military markets, combining Israel’s “start-up nation” spirit of innovation with decades of proven operational experience. IAI’s customers benefit from pathbreaking solutions tailored to the specific challenges they face. Among the company’s customers are the world’s leading logistics companies, including Amazon, DHL, and FedEx.
