Wed, Jun 08, 2011
Demand For Used A320 Aircraft Grinds The Joint
Airbus/Russian Effort To A Halt
Airbus, EADS EFW and their Russian partners, United Aircraft
Corporation (UAC) and IRKUT, have jointly decided to stop the
A320/A321 Passenger to Freighter (P2F) conversion development
program for economic reasons. The necessary legal procedures for
the termination of the joint venture "Airbus Freighter Conversion
GmbH (AFC)" are set to be put in motion
Recent market developments, including the success of the
upcoming A320neo, have resulted in more demand for A320 passenger
aircraft and less for freighter versions in this aircraft category.
In addition, strongly growing passenger traffic results in high
demand for used A320 Family aircraft, thus reducing the amount of
aircraft available for conversion.
Against the backdrop of these market changes and the increasing
pressure on the P2F business case, the partners have concluded to
stop the P2F program.
The joint venture "Airbus Freighter Conversion GmbH (AFC)" was
established between EADS EFW, Airbus and the Russian companies UAC,
IRKUT, in April 2007. Headquartered in Dresden, Germany, AFC was
equally divided between Russia (UAC and IRKUT with 25% each) and
EADS/Airbus (EADS EFW 32%, Airbus 18%). The partners have decided
to dissolve AFC.
A320neo Computer Rendering
The collegial and professional cooperation in this joint venture
over the last four years developed by Airbus/EADS EFW, UAC and
IRKUT, has strengthened the partnership between the European and
the Russian aviation industry. IRKUT and Airbus will continue their
partnership in components manufacturing for the single aisle
program.
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