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AerCap Places Firm Order for 15 Airbus A321-200 P2F Conversions and 15 Options With EFW

AerCap has placed firm orders for 15 Airbus A321-200 Passenger to Freighter (P2F) conversions plus 15 options with Elbe Flugzeugwerke GmbH (EFW). The aircraft are from AerCap’s A321 passenger portfolio, and are expected to be delivered from 2023-2025.

Airbus A321P2F Rendered in AerCap Livery - Courtesy AerCap

On Thursday (October 13, 2022), AerCap Holdings N.V. announced that they have placed a firm order for 15 Airbus A321-200 Passenger to Freighter (P2F) aircraft and options for 15 more with Elbe Flugzeugwerke GmbH (EFW). The aircraft to be converted will come from AerCap’s A321 passenger portfolio and deliveries are expected from 2023 through 2025. EFW is a subsidiary of ST Engineering and Airbus, and the company combines various aviation activities under one roof, including the development and manufacturing of fiber-reinforced composite components for aircraft structures and interiors of the entire Airbus family. The company also converts passenger aircraft into freighters, and offers MRO and engineering services for Airbus aircraft.

In Thursday’s announcment, AerCap’s Head of Cargo, Rich Greener, said,

“Extending the life of our A321 fleet will complement the Cargo portfolio and meet the strong demand from our diverse customer base, from which we’ve seen a significant appetite for this freighter. The A321 freighter is the best-in-class and most fuel-efficient aircraft to replace the B757-200 freighter. This transaction is in line with our cargo portfolio strategy of diversifying our fleet with improved economics and returns. We look forward to working with the EFW team on this program and thank them for the trust they have placed in AerCap.”

Also commenting on the conversion order, EFW’s CEO, Jordi Boto, added,

“We are glad to finalize the agreement with AerCap on the A321P2F conversions. Our young A320P2F family program has gone from strength to strength and gained traction very quickly in the market with a dozen aircraft already in operation.”

AerCap Holdings N.V. (NYSE: AER) is the global leader in aircraft leasing and maintains one of the most attractive order books in the industry. The company serves around 300 customers in 80 countries with comprehensive fleet solutions. AerCap is headquartered in Dublin and maintains offices in Shannon, Miami, Memphis, Singapore, Amsterdam, Shanghai, Abu Dhabi, Seattle and Toulouse, and other locations around the world.

Source: AerCap Holdings N.V.


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