AerCap Signs Lease Agreement with Swiftair

Aercap has announced it has signed lease agreements for two Airbus A321 Passenger-to-Freighter (“P2F”) aircraft with Spanish cargo operator, Swiftair. 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, respectively. Swiftair will operate services across Europe and Africa on behalf of its international logistics customers. In 2022, AerCap announced it had placed a firm order for 15 Airbus A321-200P2F aircraft conversions and an option for a further 15 conversions with EFW.

Commenting on the deal, the Head of AerCap Cargo, 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 was the CEO of Swiftair, Salvador Moreno who 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.”

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