SYDNEY, Oct 27 (Reuters) - Airbus and Singapore's ST Engineering mentioned they'd arrange new websi
SYDNEY, Oct 27 (Reuters) – Airbus and Singapore’s ST Engineering mentioned they’d arrange new websites in China, Germany and america by 2023 to transform A321 passenger planes to freighters after the primary one entered service with Qantas Airways Ltd QAN.AX on Tuesday.
The Elbe Flugzeugwerke GmbH (EFW) three way partnership between Airbus SE AIR.PA and Singapore Applied sciences Engineering Ltd STEG.SI will develop past Singapore permitting it to transform round 25 planes every year to fulfill rising demand for devoted cargo plane, they mentioned in an announcement.
About half of the air cargo carried worldwide usually flies within the stomach of passenger jets relatively than in devoted freighters. However pandemic-related flight cuts as a consequence of weak journey demand have squeezed air freight capability.
“The completion of our first A321P2F is well timed, because the programme may also help airways breathe new life into underutilised plane, which might in any other case undergo a more durable touchdown of their residual worth,” mentioned Jeffrey Lam, president of ST Engineering’s aerospace division.
Advisory agency Ishka says the market worth of a 10-year-old A321 passenger airplane has fallen by 16% to $21.5 million since January, whereas the month-to-month lease charge is down 33%.
The primary A321 transformed freighter is operated by Qantas on behalf of Australia Submit and consists of a big most important cargo door which is hydraulically actuated and electrically locked, the three way partnership mentioned.
(Reporting by Jamie Freed; modifying by Jason Neely)
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