Israel Aerospace Industries (IAI) has signed an agreement with Sharp Technics K (Sharp) and Incheon International Airport Corporation, to establish a facility for the passenger-to-freighter (P2F) conversion of Boeing 777-ERSF (Big Twin) aircraft.

Within the framework of the collaboration agreement, IAI plans to convert Boeing B777-300ER aircraft, starting in 2024. IAI’s Aviation Group recently successfully completed a test flight of a 777 after it underwent passenger-to-cargo conversion, the first of its kind in the world.

According to analysts’ reports, the combination of these capabilities, with the significant fuel saving that the aircraft will permit – will make it one of the most popular freighter aircraft in the world, which will join IAI’s family of converted aircraft, which today includes the Boeing 747, 767, NG737, and the Classic 737.

IAI's President and CEO, Boaz Levy:

“The signing Ceremony held today reflects our close technological partnerships and business collaboration with the Republic of Korea. ROK and IAI are natural partners, sharing values and a bright vision of mutual technological innovation. We are happy to promote local partnerships, and work together on developing advanced solutions for present and future changing needs. IAI offers a wide variety of defense solutions and technological advancements for the region and for the Republic of Korea."

Executive VP and General Manager of IAI’s Aviation Group, Shmuel Kuzi:

“The signing of the agreement with Sharp and Incheon International Airport represents a direct continuation of the many collaboration agreements already existing between IAI and South Korean companies, and underscores the confidence that the company has in South Korea’s ability to set up a conversion facility within the required timetable, while training the necessary personnel.”