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IAI-2014-09 - UPDATE
FORMED IN 1953. JET AIRPLANE, MAINTENANCE, REPAIR & OVERHAUL (MRO) STATION.
ISRAEL (STATE OF ISRAEL): POPULATION: 6.6 MILLION. ISRAEL WAS BORN IN BATTLE AFTER BRITISH FORCES LEFT PALESTINE IN 1948. ISRAEL HAS FOUGHT 6 WARS. ITS HISTORIC SUCCESSES IN AGRICULTURE, INDUSTRY, TRADE, AND TOURISM, HAVE BEEN ECLIPSED BY CONFLICT. IN ITS 5-DECADE STRUGGLE WITH THE PALESTINIAN ARABS, IT DISPLACED, IT HAS MADE PEACEFUL OVERTURES, YET CONTINUES TO EXPAND ITS SETTLEMENTS IN PALESTINIAN LANDS. IT COVERS AN AREA OF 20,770 SQ KM, ITS CAPITAL CITY IS JERUSALEM, AND ITS OFFICIAL LANGUAGE IS HEBREW.
OCTOBER 1997: LAST 9 MONTHS = +$12.1 MILLION (-$171 MILLION).
OCTOBER 1998: 1ST 6 MONTHS = +$19.7 MILLION (+$6.9 MILLION).
DECEMBER 1998: 1ST 9 MONTHS = +$30.8 MILLION (+$12.1 MILLION).
FREIGHTER CONVERSION OF 2 747-2U3'S (22768; 22769), EX-GARUDA INDONESIA (GIA), FOR TRITON AVIATION SERVICES (TIA).
FEBRUARY 1999: ISRAELI AIRCRAFT INDUSTRIES (IAI) BEDEK CONTRACT FOR HEAVY MAINTENANCE FOR OMNI (OAE) 2 DC-10-10'S (46706; 46942).
MARCH 1999: POLAR AIR (PAO) CONTRACT FOR 8 747-100F/-2000F'S
JUNE 1999: LAST QUARTER = +$10.8 MILLION (+$10.2 MILLION) (NET PROFIT).
AUGUST 1999: ISRAELI AIRCRAFT INDUSTRIES (IAI) BEDEK, $50 MILLION CONTRACT FOR CARGO CONVERSION OF 11 767-200'S OF AIRBORNE EXPRESS (ABX).
SEPTEMBER 1999: $70 MILLION MAINTENANCE CONTRACT FOR AIRFRAME & ENGINES (WITH GE ENGINE SERVICES) FOR TRANSLUX (CGO) 2 DC-10-30'S.
1ST 6 MONTHS = +$31 MILLION (+$19.7 MILLION) (NET PROFIT).
NOVEMBER 1999: COOPERATIVE DEAL FOR $120 MILLION WITH BOEING AIRPLANE SERVICES (BAS) FOR CONVERSION TO FREIGHTERS OF 44 757'S, EX-BRITISH AIRWAYS (BAB), FOR (DHL).
DECEMBER 1999: 1ST 9 MONTHS = +$50.1 MILLION (+62%): IN PERIOD, SIGNED CONTRACTS WORTH $2.02 BILLION (+73%).
FEBRUARY 2000: MAINTENANCE CONTRACT FOR ARKIA (ARK) 757-300'S.
MARCH 2000: 1999 = NEW CONTRACTS $2.4 BILLION ($1.1 BILLION COMMERCIAL, $1.3 BILLION MILITARY) ($1.1 BILLION, $800 MILLION).
APRIL 2000: 1999 = +$70 MILLION (+$41 MILLION).
1ST CONVERTED 767-200F, EX-ALL NIPPON (ANA) DELIVERED TO AIRBORNE EXPRESS, ABX AIR (ABX) CONVERSION OF 11 AIRPLANES COST $50 MILLION. 3 YEAR HEAVY MAINTENANCE & MODIFICATIONS CONTRACT, FOR UNITED PARCELS SERVICES (UPS) 16 747F'S.
AUGUST 2000: 1ST 6 MONTHS = +$44.4 MILLION (+$31 MILLION).
PLANS TO OPEN A 2ND HEAVY MAINTENANCE FACILITY IN USA, AT A NEW OR EXISTING LOCATION.
NOVEMBER 2000: ACQUIRES 737-281 (20276, 4X-BAG) FROM ARKIA (ARK).
FEBRUARY 2001: BEDEK GROUP AGREEMENT WITH BULGARIAN GOVERNMENT GIVING BEDEK A MAJOR INTEREST IN BALKAN TECHNIQUES, TAKING OVER WHAT USED TO BE BALKAN BULGARIAN (BUL) MAINTENANCE AND ENGINEERING FACILITIES, TO ACT AS A NEW LOW COST, (JAR) MAINTENANCE PROVIDER.
MARCH 2001: LOCAL MEDIA REPORTS ISRAELI AIRCRAFT INDUSTRIES (IAI) WILL SUPPLY ISRAELI AIRFORCE (ISR) WITH A 707-300 TANKER, WHICH WILL SERVE FOR THE REFUELING OF FIGHTERS, AND SIGNIFICANTLY IMPROVE THEIR LONG DISTANCE FLIGHT CAPABILITY TO DESTINATIONS SUCH AS IRAQ, AND IRAN. THE DEAL IS WORTH $30 MILLION.
APRIL 2001: 2000 = $2.6 BILLION: $1.1 BILLION CIVIL, 1,600 CONTRACTS ($2.4 BILLION: 1.1 BILLION; 1,450). 2000 = +$84 MILLION (+$67 MILLION).
JUNE 2001: SUBSIDIARY, BEDEK AVIATION FORECASTS 2001 SALES OF $520 MILLION, WITH $769 MILLION NEW CONTRACTS (+$32 MILLION). EXPANDS ITS MAINTENANCE REPAIR & OVERHAUL (MRO) SERVICES TO INCLUDE 747-400'S, 767'S, 777'S, & MD-11'S AND A320 FAMILY.
$40 MILLION, 5-YEAR, "POWER BY THE HOUR" FOR RYANAIR (RYR) 737-200 FLEET, A SIMILAR 5-YEAR CONTRACT WITH ARKIA (ARK) 737/757, AND A 10-YEAR FULL-SERVICE SUPPORT FOR CAL CARGO (CRG) JOINT VENTURE WITH (GE). ALSO, DOES CARGO CONVERSIONS FOR AIRBORNE EXPRESS (ABX) 11 767'S FOR $50M. GECAS (GEF) CONTRACT TO CONVERT 15 737-300/-400'S TO FREIGHTERS.
SEPTEMBER 2001: 3-YEAR, $21 MILLION EL AL (ELA) CONTRACT FOR (JT9D-7Q) OVERHAUL FOR 2 747-200F'S.
NOVEMBER 2001: 1ST 9 MONTHS = +$92.2 MILLION.
DECEMBER 2001: PROJECTS 2001 = +$80 MILLION.
JANUARY 2002: SELECTED BY GECAS (GEF) TO CONVERT 10 767-200/-300'S TO FREIGHTERS USING (IAI) DEVELOPED (STC), FOR COMPLETION IN MID-2004.
MARCH 2002: 2001 = +$101 MILLION, INCLUDING +$28 MILLION FROM SELLING GALAXY AEROSPACE TO GULFSTREAM. DOMESTIC SALES = 38% OF TOTAL $2.09 BILLION. IN 2001 HAD $2.88 BILLION IN NEW CONTRACTS, INCLUDING $1.3 BILLION CIVIL (+11%) ($2.6 BILLION/$1.1 BILLION).
MAY 2002: 1ST QUARTER = +$15 MILLION (-25%) (+$20.1 MILLION).
October 2002: Bedek holds 2nd Cargo Conference in Beijing.
Is developing conversion programs for 737 Classics (737-300/-400's) and the 767, in addition to its long standing conversion for the 747 Classic, and is looking to launch one for the 747-400. In 2002, will convert 12 airplanes, and has (GECAS) (GEF) orders for 4/11 767-200's conversions for 2004. Has orders for 20 737 conversions from several customers, including (GEF). Is focusing on China, and hopes to get back to a full conversion capacity of 16 airplanes/year in 2004. Predicts the market will generate $50M/year within 2 years. Recently converted 2 MD-11's for China Eastern (CEA), and 2 others for "D" checks. Carries out engine overhauls for a number of Chinese carriers.
May 2003: 50 year anniversary!
June 2003: Has multi-year Atlas Air (TLS) contract to provide 747-400F "D" checks in addition to 747-200F "C" checks.
September 2003: Israel's transport ministry provides $1.4 million funding to (IAI) for testing the Flight Guard commercial antimissile system developed by (IAI)'s Elta Systems subsidiary. Part of the funding will be used to obtain certification of the system by Israel's (CAA). Following a successful flight test program and certification, the system will be installed on Israeli airliners. Consists of 2 main components: An Elta advanced radar-based missile approach warning system for detection of shoulder-launched missiles fired at airplanes and an advanced countermeasure dispensing system, manufactured by Israel Military Industries' Rocket Systems Division that diverts the approaching, heat-seeking missiles.
Bedek Aviation, Israeli Aircraft Industries (IAI) becomes 1st company to offer 747-400 passenger-to-freighter conversion for $54 - $58 million, including airplane acquisition. List prices for a new 747-400F/-400ERF range between $187.5 million & $214.5 million. Expects 1st reconfigured airplane to be done in 2nd Quarter 2005. The 747-400 Special Freighter will offer 30-plus main deck container or pallet positions, a side cargo door at the aft of the main deck, a fully powered cargo handling system, "20-ft container capabilities," reinforced cargo floor, and other modifications and/or enhancements.
November 2003: At the Freighters World Conference, Amsterdam, David Arzi, General Manager, stated Israeli Aircraft Industries (IAI) has garnered 12 first orders for converting 747-400's into cargo airplanes, with initial delivery planned in mid-2005. Forsees a market share of 110 airplanes in a total conversion potential, which Boeing estimates to be as high as 350 airplanes.
1st 9 months = +$11 million (+$30 million).
December 2003: Varig (VAR) Engineering & Maintenance (VEM) signed a long-term contract with Israel Aircraft Industries (IAI) under which (VEM) was named the (IAI) 767 freighter conversion center outside Israel. Under the contract, (VEM) will be responsible for the only modification line outside Israel, while fabrication of mod kits, engineering, marketing & sales are still under (IAI) responsibility.
January 2004: 2003 = +$15 million on $1.87 billion sales (+$33 million on $2.06 billion). Backlog remained level at $4.5 billion.
February 2004: Receives (FAA) Supplemental Type Certificate (STC) for 737-300 passenger to freighter conversion, certified simultaneously by European ASA and Israel (CAA). Israel Aircraft Industries (IAI) Bedek holds orders and options for 100 airplanes, and plans to deliver 10 in 2004.
737-4Q8 (CFM56-3) (1635-24069, TC-FLI), leased to Fly Air (FLM).
March 2004: Made 1st certification flight of its 1st converted 737-300QC (airplane is for Channel Express (CEX).
April 2004: Singapore Technologies Aerospace (SIA) & Israeli Aircraft Industries (IAI), through ST Mobile Aerospace Engineering and Bedek Aviation Group respectively, signed a licensing agreement with Boeing to convert 757's into freighters. Under the accord, Boeing will license to ST Aero and (IAI), data relating to the 757 Special Freighter (STC) originally developed for the (DHL) conversion program. ST Aero and (IAI) were risk-sharing partners with Boeing in that program and performed touch labor. They will "build upon the knowledge and experience gained" from converting the first 34 (DHL) airplanes to "develop their own (STC) for variants of the freighter for new customers." ST Aero & (IAI) expect to introduce the 1st 757-200 for conversion by the 3rd Q 2005.
May 2004: Kitty Hawk (KHC) announced it has signed a contract to lease seven 737-300SF airplanes from (GEF). Kitty Hawk (KHC) will be the North American launch customer for the 737-300SF, the freighter version of one of the best-selling and most popular commercial passenger airplanes of all time. The first airplane will be delivered to Kitty Hawk (KHC) in November, with the balance of the order delivered through 2005. The lease term for the new airplanes will be 10 years, with extension options at the end of that term. Work to convert the passenger 737-300s to SF models (freighters) will be performed by one of the premier passenger to cargo aircraft conversion companies in the world, Israel Aircraft Industries, Bedek Division (IAI). For the present time, Kitty Hawk (KHC) will continue to operate all of its 20 Boeing 727F airplanes, though some of those airplanes will be retired in the years ahead.
“This is a significant step toward enhancing the Kitty Hawk (KHC) fleet and preparing our company for the future,” said Robert W Zoller, Kitty Hawk (KHC)’s President and CEO. “The 737-300SF will be a tremendous addition - it is a very fuel efficient, environmentally friendly airplane, capable of achieving federal Stage 4 noise regulations and possessing a modern digital technology flight deck. As such, the 737-300SF will provide lower operating and maintenance costs for our company. This obviously expands our fleet and reaffirms our commitment to growing our company in a way that makes good, solid economic sense. We are honored to be working closely with industry leaders GECAS (GEF) and (IAI).”
As a recognized leader in air cargo customer service, Kitty Hawk (KHC) is the premier provider of guaranteed, mission-critical, scheduled overnight air freight transportation to approximately 60 cities across North America including, Alaska, Hawaii, Toronto, Canada and San Juan, Puerto Rico. With more than 30 years experience in the aviation and air freight industries, Kitty Hawk (KHC) plays a key connecting role in the global supply chain. Kitty Hawk (KHC) serves the logistics needs of more than 1,500 freight forwarders, integrated carriers and major airlines with its fleet of 727 freighter aircraft (and soon, new Boeing 737-300SF airplanes), its ground truck-network as well as its 239,000 square-foot cargo warehouse, USA Customs clearance and sort facility at its Fort Wayne, Indiana hub.
July 2004: Israeli Aircraft Industries' (IAI) Bedek Aviation Group received (FAA) (STC) for its 767-200 freighter conversion program, 9 days after Israel's (CAA) certified the program. 1st airplane to be delivered to (ABX) Air.
November 2004: Received firm order from Guggenheim Aviation Partners (GUG) to convert 2 747-400 Combis to full freighters.
December 2004: El Al (ELA) installs a Flight Guard Israeli-developed antimissile system beginning with 1 Boeing jet, at a cost of $1M/jet airplane. Flight Guard was developed by Israeli Military Industries together with Elta Systems, a subsidiary of Israel Aircraft Industries (IAI), and has been used by the military for several years. It is designed to automatically respond to an approaching heat-seeking missile, firing flares that act as decoys and divert the missile. So far, >150 similar systems have been installed on civilian airplanes throughout the world, especially on private jets belonging to tycoons and state leaders. The devices have not been approved by (FAA), but negotiations are taking place with USA firms on joint development, to facilitate obtaining (FAA) certification.
January 2005: AirTran Airways (CQT) long-term contract to Israeli Aircraft Industries (IAI) Bedek Group to provide component maintenance for its 737-700 fleet in addition to previous agreements for its 717 fleet.
April 2005: Israeli Aircraft Industries (IAI) Empire Aero Center, New York, will perform heavy maintenance for Midwest (MWX)'s 13 MD-80's.
May 2005: Israel Aircraft Industries (IAI) and PSF Conversions will convert 4 747-400 passenger airplanes to freighters on behalf of Atlas Air Worldwide Holdings (TLS) from late 2007 to mid-2008. The agreement includes an option covering the modification of up to 6 additional 747-400 passenger airplanes to Special Freighters during the 2009 - 2011 period.
October 2005: Israel Aircraft Industries (IAI)'s Bedek Aviation Group will convert up to 6 747-400 Combis into Special Freighters under a contract with (EVA) Airways valued at $100 million. The order includes 4 firm and 2 option airplanes. Work on the 1st begins in the 2nd half of 2007.
January 2006: Israel Aircraft Industries (IAI)'s Elta Systems Group said it received authorization from Israel's (CAA) to install its Flight Guard anti-Manpads system on 767 passenger airplane. According to press reports, El Al (ELA) will install the system on 6 767s.
March 2006: Qantas (QAN) will convert 4 737-300s to freighters for domestic operator Australian Air Express (ACS). Work will commence next month and be completed by January, with the airplanes entering service as they are completed from August. The program will use conversion kits developed by Israel Aircraft Industries (IAI)'s Bedek Aviation division. The 737s will replace a fleet of 727-200s. Australian Air Express (ACS) is owned jointly by Qantas (QAN) and Australia Post.
May 2006: Atlas Air Worldwide Holdings (AAWH) named William Flynn, President & (CEO). He will replace retiring Jeffrey Erickson on June 22. Flynn, formerly President & (CEO), of GeoLogistics, joins the parent of Atlas Air (TLS) and Polar Air Cargo (PAO) at a time of transition.
Spokesperson Alan Caminiti confirmed that Polar (PAO) will retire four 747-200Fs, a 747-100F and a 747-300F by July 1, reducing its fleet of 11 freighters to five 747-400Fs that be joined by a sixth from Atlas Air's (TLS) fleet. The smaller fleet and retirement of older airplanes requiring three-person crews, means that Polar (PAO) will furlough a to-be-determined number of pilots (FC) later this year, Caminiti said. The furloughs come as (AAWH) moves toward consolidating the pilot workforces of Atlas (TLS) and Polar (PAO) into one unit, a plan long favored by the company that was delayed by last fall's brief strike by Polar (PAO) pilots and its aftermath.
(AAWH), the largest operator of 747Fs in the world with 41, could replace the retired planes with conversions; it has reserved up to 10 747 passenger-to-freighter conversion slots with Israel Aircraft Industries (IAI) in 2007 - 2011, but has not determined whether it will use them. Caminiti also revealed that (AAWH), which now exclusively operates 747Fs, is "open to a lot of airplane types" and may add other types in coming years.
June 2006: Israel Aircraft Industries (IAI) said its Bedek Aviation division received an (FAA) Supplemental Type Certificate (STC) for conversion of a 747-400 Combi into a pure freighter. The airplane used for the certification process is owned by Guggenheim Aviation (GUG) and will be operated by Air China (BEJ). (IAI) said certification also was received from the Israeli (CAA) and certification from (EASA) and (CAAC) are expected shortly.
March 2007: Varig (VAR) Engineering & Maintenance (VEM) completed its 6th 767 freighter conversion, its 1st for (ABX) Air, in Rio de Janeiro. (ABX)'s 2nd of 5 airplanes already is undergoing conversion. (VEM) is working in conjunction with Israel Aerospace Industries (IAI).
January 2008: AirTran (CQT) reached a long-term deal with Israeli Aerospace Industries (IAI)'s Bedek Group for landing gear maintenance on its current and forthcoming 737NG fleet, to total 115 airplanes.
Israel Aerospace Industries (IAI)'s Bedek Aviation Group delivered the 4th of 8 747-400F freighter conversions to (EVA) Air, 7 days ahead of schedule.
February 2008: Deucalion Aviation Funds signed a Letter of Intent (LOI) with Air France (AFA) to acquire six 747-400 passenger airplanes for conversion and subsequent delivery in 2009 and 2010. Deucalion will convert the airplanes to full freighters at the (IAI)/Bedek conversion facility, with the first expected to be available in September 2009. Marketing of the freighters is being undertaken by DVB Bank, which manages Deucalion.
October 2008: SEE ATTACHED "FLIGHT" ARTICLE - - "IAI-F CONVERSIONS-OCT08."
December 2008: In a major blow to USA-Israel aeropolitical relations, the (FAA) announced that it was downgrading Israel's aviation safety standard to Category 2 under the agency's International Aviation Safety Assessment (IASA) program. The decision, which will prevent El Al (ELA) from adding new services to the USA, follows up on a July assessment of Israel's Civil Aviation Authority (CAA). The (FAA) noted that the rating downgrade is not related to security issues and said Israeli authorities are "addressing the items identified, including working with the (FAA) on an aggressive action plan to correct all areas of concern so that their safety oversight system fully complies with standards and practices set by [ICAO]." Israel had maintained a Category 1 rating since November 1995. The (FAA) did not detail the reasons for the downgrade but said a Category 2 rating "may involve a country lacking laws or regulations necessary to oversee air carriers in accordance with international standards, or that its civil aviation authority does not meet international standards in one or more areas such as technical expertise, trained personnel, record keeping, or inspection procedures."
Other nations currently rated Category 2 are Bangladesh, Belize, Ivory Coast, Croatia, Demo Republic of Congo, Gambia, Ghana, Guyana, Haiti, Honduras, Indonesia, Kiribati, Montenegro, Nauru, Nicaragua, Paraguay, Philippines, Serbia, Swaziland, Ukraine, Uruguay and Zimbabwe.
May 2009: Ancra International signed a long-term agreement with Israel Aircraft Industries (IAI) to supply 767-300 and 737-400BDSF Main Deck Cargo Loading Systems as buyer-furnished equipment.
June 2009: AAR (AFD/(ALC)) was selected by (IAI)'s Bedek Aviation Group to provide the cargo system for its 767-300 conversion program. (AFD/(ALC) and (IAI) developed a (GMF) system for the 767-200 conversion in 2002.
July 2010: Guangzhou Aircraft Maintenance and Engineering Company (GAMECO) announced a contract with (IAI)'s Bedek Aviation for passenger-to-freighter conversions of up to nine 737-400s using the (IAI) Supplemental Type Certificate (STC). The work will be done at (GAMECO)'s facility in Guangzhou in 2010 through 2011. In addition to the conversion touch work, (GAMECO) will provide painting, airplane maintenance and other work as required. Redelivery of the first airplane is scheduled for September.
September 2010: A series of successful flight tests aimed at opening the flight envelope have been completed for the pre-owned 767-200ER (Extended Range) airplane converted by Bedek Aviation Group of Israel Aerospace Industries (IAI) to a Multi Mission Tanker Transport (MMTT) configuration for the Colombian government and the end user, the Colombian Air Force. It will be delivered in November.
January 2011: Lufthansa (DLH) and Israel Aerospace Industries (IAI) have successfully conducted an operating test for the TaxiBot™ used with a 747-400 to demonstrate its ability to tow an airplane from gate to runway and back under typical taxiing conditions. The test was conducted at the Frankfurt International Airport. TaxiBot™ is a joint development by (IAI)’s Lahav Division and Airbus (EDS) of an innovative environmentally-friendly pilot (FC)-controlled semi-robotic towing system. The Taxibot™ Dispatch Towing system, designed by (IAI), allows airplanes to taxi to and from the airport gate to the runway without the need to operate their jet engines.
During the demonstration, following TaxiBot™ push-back, all taxiing processes were controlled by the airplane’s pilots (FC) from the cockpit, using the normal tiller and braking pedals just as in regular airplane taxiing. The TaxiBot’s™ special control system controlled the load on the airplane’s Nose Landing Gear (NLG) in real time, maintaining it within a pre-calculated envelope, such that there is an insignificant fatigue effect on the (NLG). Despite the severe weather conditions which prevailed during the Frankfurt test, the demonstrator system showed excellent capabilities and successfully maintained the defined envelope.
After the test, Bernd Pfeffer, a (DLH) 747 pilot (FC) said: “The overall impression is very good, and better than I expected. Steering the airplane using the TaxiBot™ with all kinds of turns was absolutely to my liking in addition to the accelerating and braking capabilities that were good. A big advantage of using the TaxiBot™ is on icy or slippery surfaces where traction is now better, and safety is increased when turning. I wouldn’t change anything at all”.
Itzhak Nissan, (IAI)’s (CEO) said:” The TaxiBot™ development is naturally integrated in (IAI)’s policy regarding new business areas such as ground robotics, and renewable energy ” The test, conducted on a (DLH) commercial 747-400 airplane, followed a test in Toulouse on an A340-600 test airplane, conducted by Airbus (EDS) and (IAI) during the second quarter of 2010 that showed promising results.
Yehoshua (Shuki) Eldar, (IAI)’s Corporate VP, Business Development & Subsidiaries, commented: “The successful 747-400 Frankfurt test joins the Toulouse A340 test in showing that (IAI)’s innovative concept can help airliners save large amounts of fuel and help airports around the world reduce their annual fuel costs, noise and CO2 emissions by a significant margin.” With the conclusion of the 747 test, the TaxiBot™ demonstrator showed that it can successfully perform dispatch towing missions with both Airbus (EDS) and Boeing (TBC) airplanes, which represent the bulk of commercial airplanes in current use.
July 2012: Israel Aerospace Industries (IAI) was named by Pratt & Whitney (PRW) as a Designated Service Provider (DSP) for (JT9D) engines for the next 10 years.
767-231 (227650, N707AX), converted to freighter by (IAI) Bedek, ex-Tel Aviv. 2 767-338ERs (24531, N364CM; 24853, N363CM), ferried Wilmington - Tel Aviv for cargo conversion.
October 2013: Israel Aerospace Industries' (IAI) Bedek Aviation Group has signed licensing agreements with Boeing (TBC) to perform modifications of the 767-200/300 and 747-400, including airplane passenger to freighter conversions.
The agreements apply to 72 767-200/300s and 29 747-400s that were previously converted by (IAI) for various customers, as well as future (IAI) conversions, (IAI) said.
Bedek (IAI) has been a Boeing (TBC) licensee for passenger to freighter conversions of the 737-300/400 since 2010.
Despite a stagnant air cargo market for a couple of years, there seems to be renewed interest in new freighters and freighter conversions. Airbus (EDS) said this month it expects worldwide air freight traffic to grow by +4.8% annually over the next 20 years, almost doubling the global freighter fleet to nearly 3,000 airplanes. Airbus (EDS) said that of these, around 1,860 airplanes will be converted from passenger airplanes to freighters, while 870 will be factory-built freighters with a market value of about $234 billion.
May 2014: The Brazilian Air Force is to add a 3rd 767-300ER tanker and options for another 2, to be converted by Israeli Aerospace Industries (IAI) Bedek division, with maintenance by (TAP) Brazil.
September 2014: SEE ATTACHED - - "IAI-2014-09 - UPDATE."
October 2014: Israel Aerospace Industries (IAI) recently appointed Robert Foglesong as (CEO) of its USA subsidiary, (IAI) North America. Foglesong is also the Board Chairman & (CEO) of Stark Aerospace, a subsidiary of (IAI) North America.
March 2016: Original Equipment Manufacturer (OEM) and Maintenance Repair & Overhaul (MRO) Israel Aerospace Industries (iai) is considering a plan for changes in its organizational structure that will reduce staff expenses as part of a comprehensive recovery plan. The plan includes voluntary retirement of 1,200 employees, mainly in civil aviation and the Bedek Aviation Group.
October 2016: Air Incheon (ICH) agreed to lease 3 737-800Fs from Spectre Air Capital, Texas for delivery September 2017, March 2018, and September 2018; airplanes are being converted by Israel Aerospace Industries (IAI) under launch order for 15 units, plus options.
February 2017: Atlas Air Worldwide Holdings (AAWH) has secured all 20 767-300s it will wet lease to Amazon (AZO), according to President & (CEO) Bill Flynn.
Purchase, New York-based Atlas (TLS) has also secured freighter conversion slots for all of the used airplanes. It is additionally acquiring one spare 767-300 to dedicate to Seattle-based Amazon (AZO).
(TLS) last year inked the wet-lease contract with (AZO) and started operating the 1st 767-300F for (AZO) under the Prime Air brand in August 2016. (AZO) has also signed a similar 767-300FR wet-lease deal with Ohio-based Air Transport Services Group (ATSG).
By the end of 2018, (TLS) will have placed all 20 767-300Fs in service for (AZO), Flynn told analysts while discussing the air cargo company’s 2016 earnings. The airplanes are being converted by Israel Aerospace Industries (IAI) and Boeing (TBC), he said.
Flynn noted there is a “good feedstock” of used airplanes available to convert to freighters.
July 2017: Israel Aerospace Industries (IAI) and Wipro Enterprises agreed to collaborate in manufacturing of composite civil aerostructures out of new purpose-built facility in India.