What does the first order for E-Jet conversion slots mean for Embraer's freighter conversions?
Irish based aircraft leasing company Nordic Aviation Capital (NAC) is to become the launch customer for Embraer's E-Jet passenger to freighter ‘P2F' conversion programme. The programme offers P2F conversions for Embraer 190 and Embraer 195 jets, with the Brazilian manufacturer pitching the aircraft as an ideal replacement for smaller, older narrowbody freighters. Nordic and Embraer have reached an initial agreement for 10 passenger to freighter conversion slots for select Embraer 190 and 195 aircraft.
Jonathan McDonald, IBA's manager of classic and cargo aircraft, said:
“We welcome Embraer's venture into the P2F market. Not only should this help place used Embraer 190s/195s, but it should also help fill quite a substantial capacity chasm between the ATR72F/Q400F and Boeing 737 Classics. Clearly there are routes out there which may be a bit of a stretch for turboprops but don't quite justify use of a Boeing 737 or other narrowbodies. That's where the E190F/195F fit in”.
According to commercial aircraft fleet data from IBA Insight, Nordic Aviation Capital's portfolio consists of 469* in service aircraft. Embraer E-Jet series aircraft make up around 31% of the total fleet, with 71% of those being variants of the Embraer E190 (including the E190 AR, LR, SR and STD types). Nordic Aviation Capital owns 105 E190 aircraft, making it the most prolific owner of E190 aircraft globally.**
*Includes active, parked, and stored aircraft as of 10 May 2022. Does not include retired aircraft or aircraft on order
**Does not include Embraer 190E2 series aircraft
IBA Insight flexibly illustrates multiple asset, fleet and market positions, actual and potential, to inform client choices and identify acquisition opportunities. Immediate access to crucial aircraft, engine, lease rate and fleet data eases appreciation of historic and future aircraft concentrations and operator profiles.
Our recent webinar highlighted the aircraft types driving the growth in global passenger to freighter conversions.