Home Aviation News Converted Freighters Deal: Ethiopian Signs Bold Boeing 777 Cargo Lease

Converted Freighters Deal: Ethiopian Signs Bold Boeing 777 Cargo Lease

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Converted Freighters
ET and Aercap
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Ethiopian Airlines has strengthened its cargo strategy with a major converted freighters agreement. The carrier signed lease deals with AerCap Holdings N.V. for two Boeing 777-300ERSF aircraft. These widebody jets will become the first of their kind to operate in Africa. Deliveries are expected in the second quarter of 2028, marking a significant milestone for the continent’s air cargo sector.

The converted freighters will expand Ethiopian Airlines’ already strong cargo network. Group Chief Executive Officer, Mr Mesfin Tasew, said the partnership reflects a long-term commitment to growth and efficiency. He noted that the aircraft will boost cargo capacity while improving operational performance. Therefore, the airline aims to meet rising global demand for air freight with modern and sustainable solutions.

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Meanwhile, the Boeing 777-300ERSF, often called “The Big Twin,” offers notable advantages. The aircraft provides about 25 percent more capacity than smaller twin-engine freighters. In addition, it delivers improved fuel efficiency and lower operating costs per tonne. This makes it a strategic asset for long-haul cargo operations, especially across high-demand trade routes linking Africa with global markets.

According to Chief Executive Officer, Mr Aengus Kelly of AerCap Holdings N.V., the agreement strengthens a long-standing partnership. He emphasised that Ethiopian Airlines will be the first operator of this aircraft type in Africa. Furthermore, the deal positions the airline to scale its cargo platform and remain competitive in a rapidly evolving logistics environment.

Ethiopian Airlines continues to lead Africa’s aviation sector through strategic investments. The addition of these converted freighters aligns with its broader vision of becoming a global cargo powerhouse. As e-commerce and cross-border trade expand, the airline is positioning itself to capture new opportunities. However, sustained investment in infrastructure and policy support remains critical for long-term growth.

The deal also highlights the increasing role of converted aircraft in modern aviation. Unlike factory-built freighters, converted jets offer cost-effective alternatives for airlines. Therefore, many carriers are turning to such solutions to quickly expand capacity without excessive capital expenditure. This trend is expected to grow as global supply chains demand faster and more flexible air cargo services.

For more aviation industry updates, visit NigerianFlightDeck. Additional global cargo insights can be found via International Air Transport Association.

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