Industry

Published on November 29th, 2020 | by Alan Dwyer

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CDB Aviation Brings Next Generation A330 P2F Freighter to Market

Dublin based CDB Aviation has announced a new partnership with Germany-based EFW GmbH (EFW) to conduct the Passenger-to-Freighter (P2F) conversion of two Airbus A330-300 aircraft in 2021, which will be available for lease to airline customers from early 2022. The A330-300 P2F conversion program marks CDB Aviation’s first entry into freighter conversion, advancing the lessor’s strategic efforts to deliver ever-more customised fleet solutions to customers, while tapping the long-term growth potential of the medium widebody freighter market.

Speaking as the deal was announced, CDB Aviation Chief Executive Officer Patrick Hannigan said “We look forward to working with EFW on converting our highly efficient A330-300 aircraft into the next generation of medium widebody freighters that our customers can use to meet the burgeoning international and regional air freight demand. The medium widebody freighter segment is today comprised of over 600 aircraft, served primarily by ageing twin-jet aircraft, such as the Boeing 767F and Airbus A300F, which have an average age of 22 years. The A330-300 P2F will bring next generation technology and efficiency to this segment. With growing express cargo demand and declining cargo densities, the A330-300 P2F offers more volumetric space than older freighters in this category, in line with what cargo operators and freight forwarders are seeking. With 12,000 Airbus cockpit aircraft in service, the A330-300 P2F will seamlessly slot into the fleets of A320 Family, A330, and A350 operators, and will bring a new paradigm of efficiency with 23% more cargo volume. As a major lessor of passenger A330s, it is a natural evolution of our portfolio to be able to offer our customers the A330-300 P2F. Our belief is that the A330-300 P2F is the exact type of medium widebody aircraft that airlines and cargo operators require to meet cargo demand near-term and into the future.”

CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., that is backed mainly by the China Development Bank. CDB Aviation has aircraft portfolio that includes Boeing, Airbus and Embraer jets, as well as the new generation Boeing 737 MAX, Airbus A320neo Family, and A330neo aircraft. They currently have a fleet of 228 aircraft with orders for 150 more.

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