Aircraft leasing company Avolon has signed a deal with Israel Aerospace Industries (IAI) for 30 Airbus A330-300 freighter conversion slots.

As the launch customer for IAI’s A330-300 conversion programme, Avolon will work with IAI on its STC development and the conversion slots will be taken between 2025 and 2028.

The IAI A330-300 will have a range of over 3,600 nautical miles with a maximum payload of 61 tonnes, supporting forecast growth in e-commerce over the next 20 years.

It will have up to 27 main deck pallet positions, one more than the competition, and enhance cargo loading due to its door position.

Domhnal Slattery, CEO of Avolon says: “We believe the IAI A330-300 P2F will be the wide body freighter of choice this decade and beyond, replacing retiring aircraft and providing the volume capacity required to meet market needs.”

Boaz Levy, President and CEO of IAI says: “For the second time in recent years, IAI's Aviation Group is making history. Just two years ago we announced that we will be the first in the world to perform a passenger-to-freighter conversion on the B777-300ER, and today we are announcing that we will perform the cargo conversions for the Airbus A330-300 aircraft.”