Israel Aerospace Industries (IAI) has inked a deal with Sharp Technics K and Incheon International Airport Corporation to establish a facility for the passenger-to-freight conversion of Boeing 777-ERSF aircraft. As a part of the deal, IAI will convert Boeing B777-300ER aircraft from 2024. The first passenger-to-freighter conversion facility at the airport will be built by 2025 and the second by 2030 to handle Boeing B777s and Airbus A330s, respectively.
The signing ceremony took place at South Korea’s Incheon International Airport, in the presence of senior officials and representatives of both the companies.
“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,” said Boaz Levy, IAI’s President and CEO. “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.”
Shmuel Kuzi, Executive VP and General Manager, IAI’s Aviation Group said: “Today’s 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.”