EVA Airways (EVA Air) has announced plans to convert three Boeing 777-300ER passenger jets into freighters after reporting net income of TW$6.6 billion or US$232 million for 2021, on the back of strong cargo demand.
The Taiwanese carrier’s strong performance, which reversed losses amounting to TW$3.36 billion (US$120 million) in 2021, was largely attributed to a 70.3 percent increase in cargo revenue at TW$85.2 billion or around US$3.01 billion, according to EVA Air’s financial report issued on 14 March.
Israel Aerospace Industries (IAI) will convert the long-haul wide body aircraft, with the total transaction price estimated at US$120 million or US$40 million apiece.
Also read: IAI marks milestone in B777-300ER cargo conversion
The airline, which currently operates 34 B777-300ERs and eight B777Fs in its fleet, said that whilst the redesigned Boeing 777-300ERSF offers six tonnes less payload capacity than the 777F at 100 tonnes, its longer frame offers 25 percent more cargo volume, making it suitable for conducting e-commerce operations.
The 777-300ERSF programme, a partnership between IAI and aircraft lessor AerCap, is due to enter service this year. It is considered the most successful wide body cargo variant, with almost 850 sold, according to IAI’s website.