MIAMI – Lod-based Israel Aerospace Industries (IAI) has confirmed plans to construct a Boeing 777 conversion facility in South Korea.

The Israel corporation agreed to construct a new facility to provide Passenger-to-Freight (P2F) conversion facilities in anticipation of increased demand for wide-body long-range cargo aircraft. IAI intends to focus on converting passenger Boeing 777-ERSF aircraft into freighters. the organization and Incheon International Airport (ICN) in South Korea signed a Memorandum of Agreement (MoA).

Sharp Technics, a South Korean MRO services provider, also engaged in this agreement.

IAI agreed to modify a total of six Boeing B777-300ERs and a single B777-200LR jet each year beginning in 2024 under the terms of the deal, which signed on May 4, 2021. Although the manufacturer is still in the early stages of having a license for Boeing 777 P2F conversion, it expects to complete the project by 2023.

MoA signing Ceremony. Photo: Aviation Business News

Comments from IAI

According to IAI Aviation Group General Manager Yossi Melamed, the company expects to expand its operation in the South Korean market to meet the anticipated increase in demand for wide-body freighter aircraft with long-haul capability.

“Over the past few years, IAI has transferred production of business jet wings, mainframe, and parts of the tail to Korean companies. Melamed was quoted saying in the IAI statement. “I look forward to expanding our strategic cooperation activities with South Korean companies and government authorities.”

The Israeli firm has also been granted permission to convert a variety of Boeing aircraft, including 747, 767, 737NG, and737 classics.

Featured image: IAI