Irish leasing company AerCap has placed a firm order for 15 Airbus A321P2Fs with German aerospace company EFW. The lessor will also have an option for 15 other freighters, with the converted aircraft expected to come from AerCap’s Airbus A321 portfolio.
AerCap for the A321P2F
Leasing giant AerCap has announced an agreement with Elbe Flugzeugwerke GmbH (EFW) for 15 Airbus A321P2Fs and the option for 15 additional converted freighters.
Rich Greener, Head of AerCap Cargo, said:
“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 freighter portfolio strategy of diversifying our fleet with improved economy and yields. We look forward to working with the EFW team on this program and thanking them for the trust they have placed in AerCap.”
The lessor will convert Airbus A321-200s from its own portfolio and expects first deliveries to begin from 2023 to 2025. It adds that the A321P2F will be used to replace the Boeing 757-200 freighter.
Jordi Boto, CEO of EFW, added:
“We are pleased to finalize the agreement with AerCap on A321P2F conversions. Our young A320P2F Family program has gone from strength to strength and gained market traction very quickly with a dozen aircraft already in operation. “
About the Airbus A321P2F
The Airbus A321P2F is presented as a new-generation narrow-body freighter with the highest fuel efficiency in its class. Compared to a passenger A321, the A321P2F can carry twice as much cargo up to 28 tonnes and will play a key role in e-commerce cargo operations.
EFW has developed its A321P2F program in partnership with ST Engineering and Airbus, which both own the German company as a joint venture. As program leader, EFW holds the Supplemental Type Certificate (STC) and is also responsible for marketing and sales.
The order is the largest to date for EFW’s A321P2F program and the largest since SmartLynx Airlines placed an order for six freighters at the Singapore Airshow in February. As the demand for conversions increases, EFW and ST Engineering have established new conversion facilities in China and the United States.
Simple Flying recently reported that IndiGo took on its first converted Airbus A321 freighter, an EFW-led P2F conversion. Qantas, which already operates three A321P2Fs, was clearly impressed with the converted freighter after placing an order for six more in August, again in partnership with EFW.
AerCap’s A321 fleet
The aircraft chosen for the conversions will all come from AerCap’s existing Airbus A321 fleet. The aircraft lessor actually owns the world’s largest portfolio of Airbus A320 family aircraft.
According to the latest figures from AerCap as of June 2022, the company has more than 1,000 A320 Family aircraft in ownership or on order, 62 of which are Airbus A321s.
Rich Greener added,
“Extending the life of our A321 fleet will complement the Cargo portfolio and meet strong demand from our diverse customer base, from whom we have seen a significant appetite for this freighter.”
Do you think AerCap made a wise choice by investing in the Airbus A321P2F? Let us know your thoughts in the comments.