ST Aero nabs FedEx 757 freighter conversion business
Friday January 19, 2007
Singapore Technologies Aerospace announced a massive freighter conversion deal with FedEx Express yesterday covering 87 757s, with ST Aero President Tay Kok Khiang putting the value of the contract at $450-$470 million over the seven-year life of the program.
Work will be done at ST Mobile Aerospace Engineering in Mobile, Ala., using an STC developed and owned by ST Aero based on data licensed from Boeing, including design and certification data from a previous 757 passenger-to-freighter conversion, according to Boeing VP-Technical Services Tim Copes.
The first aircraft will enter the conversion process in May with redelivery expected at the end of December. Future conversions are expected to take fewer than 120 days, Tay said. Mobile Aerospace will run three nose-to-tail conversion lines, "if not more," he added.
FedEx VP-Engineering Mark Blair said the carrier has commitments, firm contracts and/or letters of intent for just under 90 757s, with the first to be delivered this month. He declined to identify sellers of the aircraft. Last September, FedEx announced $2.6 billion program to transition its narrowbody freighter fleet from 727Fs to 757Fs (ATWOnline, Sept. 27, 2006).
by Perry Flint
Friday January 19, 2007
Singapore Technologies Aerospace announced a massive freighter conversion deal with FedEx Express yesterday covering 87 757s, with ST Aero President Tay Kok Khiang putting the value of the contract at $450-$470 million over the seven-year life of the program.
Work will be done at ST Mobile Aerospace Engineering in Mobile, Ala., using an STC developed and owned by ST Aero based on data licensed from Boeing, including design and certification data from a previous 757 passenger-to-freighter conversion, according to Boeing VP-Technical Services Tim Copes.
The first aircraft will enter the conversion process in May with redelivery expected at the end of December. Future conversions are expected to take fewer than 120 days, Tay said. Mobile Aerospace will run three nose-to-tail conversion lines, "if not more," he added.
FedEx VP-Engineering Mark Blair said the carrier has commitments, firm contracts and/or letters of intent for just under 90 757s, with the first to be delivered this month. He declined to identify sellers of the aircraft. Last September, FedEx announced $2.6 billion program to transition its narrowbody freighter fleet from 727Fs to 757Fs (ATWOnline, Sept. 27, 2006).
by Perry Flint
