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AerCap Signs Lease Agreements for Two Airbus A321 P2F Freighters With Swiftair

AerCap has today announced the signing of lease agreements with Swiftair for two Airbus A321 Passenger-to-Freighter (P2F) aircraft.  The jets will be converted by Elbe Flugzeugwerke GmbH (EFW) at ST Engineering Aerospace in Singapore.

AerCap Cargo Airbus A321P2F Rendering - Courtesy AerCap

On Wednesday (December 13, 2023), AerCap Holdings announced the signing of lease agreements with Spanish cargo carrier Swiftair for two Airbus A321P2F (Passenger-to-Freighter) converted freighters. The aircraft will undergo conversion by Elbe Flugzeugwerke GmbH (EFW) at ST Engineering Aerospace in Singapore, and will be delivered to Swiftair in April and June 2024.  The carrier will operate the freighters across Europe and Africa on behalf of their international logistics customers.

In Wednesday’s announcement, AerCap Cargo’s Head, Rich Greener, said,

“We are pleased to announce our agreement to lease two Airbus A321P2F aircraft to our long-term customer, Swiftair.  The A321P2F is a best-in-class narrowbody freighter solution, offering superior economics in terms of fuel-efficiency and flexibility, and will allow Swiftair to continue to grow their route network.  We look forward to working with the Swiftair team as these aircraft deliver.”

Also commenting on the new A321P2F leases, Swiftair’s CEO, Salvador Moreno, added,

“In line with our commitment towards more efficient and sustainable growth, we are delighted to be taking delivery of two of the most quiet and economical freighter aircraft in the world today.  These aircraft mark a milestone in our fleet renewal program, allowing our customers to meet their carbon reduction targets and access to the most effective and reliable products in their class, available in the market today.”

In 2022, AerCap announced that they had placed a firm order for 15 Airbus A321-200P2F converted freighters, plus an option for up to 15 more conversions with EFW.

Founded in 1986, Madrid-based Swiftair is a leading provider of cargo and passenger ACMI and charter services across EMEA.  The carrier’s customers include integrated express providers, national mail organizations and humanitarian NGOs.  Swiftair is part of the LUSAT Group, which also includes Cygnus Air, Swiftair Hellas, Uep!, Fly, West Atlantic UK and West Atlantic Sweden.

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, Dubai, Seattle, Toulouse, and other locations around the world.


Source: AerCap/PRNewswire

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