Israel Aircraft Industries (IAI) announced Monday it will develop a program for converting Airbus A330-300 passenger aircraft into cargo freighters and produce 30 of them for Dublin-based Avolon, the third-largest aircraft leasing company in the world, between 2025 and 2028.
Avolon is entering the air cargo market sector for the first time, seeking to capitalize on favorable conditions. All 837 of the aircraft it owns, manages or has on order — including 54 A330-200/300s — are passenger models.
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