The relentless growth of e-commerce and a change in consumer behaviour, with more people buying online has created what some would say a renewed interest in purchasing freighters and converting older passenger aircraft for cargo use. Whilst reports say 90 percent of freighters around the globe are Boeing jets, Airbus thinks its conversion programme for the widebody A330 and narrowbody jets like the A321 and A320 is set to take a piece of the former’s share in freighter operations … [Read more...] about Air cargo brings the party to conversions, aircraft leasing
ST Engineering
ST Engineering to lease five A321P2Fs to GlobalX
Global Crossing Airlines, also known as GlobalX, has signed up for five A321P2F conversion from ST Engineering, as the US-based startup charter service dips into the air freight market. ST Engineering, through its aviation asset management unit, will acquire five Airbus A321 passenger aircraft on its own or through joint venture companies and will provide maintenance services over the period of lease. The A321 feedstock will be converted and maintained at ST Engineering’s global … [Read more...] about ST Engineering to lease five A321P2Fs to GlobalX
ST Engineering, Temasek set up cargo jet leasing venture
ST Engineering last week announced that its wholly owned aviation asset management unit has entered into an agreement with Singaporean holdings company Temasek to set up a 50-50 joint venture (JV) for cargo aircraft leasing. The move comes as e-commerce and air cargo volumes have resulted to a growing demand for freighter aircraft. The company expects to purchase passenger plane feedstock at lower prices with itention to finance older aircraft through a mix of equity and debt. It plans to … [Read more...] about ST Engineering, Temasek set up cargo jet leasing venture
ST Engineering, EFW sign A321P2F orders for Irish lessor
ST Engineering and Airbus’ joint venture, Elbe Flugzeugwerke (EFW), announced an order for four Airbus A321 passenger-to-freighter (P2F) conversions from Dublin-based leasing company GTLK Europe. The aircraft lessor says the single-aisle converted freighter, is an important complement to its portfolio as it looks to meet the increasing demand in the express and e-commerce cargo market. According to its website, GTLK Europe has more than a dozen Airbus narrowbody jets in its sea and air … [Read more...] about ST Engineering, EFW sign A321P2F orders for Irish lessor
ST Engineering signs five-year heavy maintenance deal
ST Engineering has signed a five-year airframe heavy maintenance contract with an undisclosed air cargo carrier, effective 1 January 2021. As part of the contract, the conversion and MRO specialist will provide heavy maintenance support for different aircraft types at the airframe facilities in Mobile, Alabama, and other locations. In addition to heavy maintenance, ST Engineering will conduct landing gear replacements as well as special maintenance visits of various aircraft types at its … [Read more...] about ST Engineering signs five-year heavy maintenance deal
ST Engineering redelivers modified freighter to US-based aircraft lessor
Modification specialist ST Engineering has redelivered an A321 passenger-to-freighter (P2F) conversion to US-based aircraft lessor BBAM Limited Partnership (BBAM). The aircraft lessor had announced the order during the Paris Airshow 2019, following a launch contract in 2018. Conversion work was carried out by ST Engineering, Airbus and Elbe Flugzeugwerke (EFW). The delivery represents BBAM’s first converted freighter, which will be leased to UK charter operator Titan Airways. Titan … [Read more...] about ST Engineering redelivers modified freighter to US-based aircraft lessor
