"The Big Twin" conversion programme launched
Gecas and Israel Aerospace Industries (IAI) have announced the launch of the Boeing 777-300ERSF and the establishment of a passenger to freighter conversion programme. Dubbed "The Big Twin" - denoting its status as the largest ever twin-engined freighter, offering 25% more capacity than today’s smaller twin-engined long-haul freighters - the initiative is jointly funded by Gecas and IAI.
Gecas will commit 15 firm orders (+15 options) from its owned portfolio to the programme (including the prototype aircraft). The conversion of initial aircraft is expected to take place in Tel Aviv with further conversion lines contemplated in other locations outside of Israel from 2023. The program will also see IAI enter into conversion agreements for the B777-300ERSF directly with airlines as well as other lessors. (ah)