Avolon targets air cargo market in A330 aircraft conversion deal

The aircraft lessors are eyeing e-commerce – and Avolon is investing. The Irish lessor has signed an agreement with Israel Aerospace Industries (IAI) for 30 conversion slots for A330-300s between 2025 and 2028. Avolon owns more than 200 A330s.

Domnhal Slattery, Avolon chief executive, said the company believed the “IAI A330-300 P2F will be the widebody freighter of choice this decade and beyond”.

And, according to the Irish Times, lessor Genesis has signed with Boeing to convert two 737-800 aircraft into freighters, ready in 2022.