Aerospace

Icelease Orders One Boeing 767-300 Conversion With Two Options

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Icelease Boeing 767-300 Boeing Converted Freighter (Boeing image)

Boeing and aircraft investment and trading firm Icelease have agreed to an order for one 767-300 Boeing Converted Freighter (BCF) and options for up to two additional conversions, according to Boeing’s November 2, 2026 announcement.

The first aircraft is scheduled for induction in the first quarter of 2027, with delivery of the converted aircraft expected in the second quarter. Boeing will convert the airplanes at ST Engineering’s airframe MRO facilities in Singapore.

The companies marked the agreement with a signing ceremony on October 22, 2026, at the Cargo Facts Symposium.

“The history between Icelease and Boeing dates over 20 years and includes a multitude of new aircraft deliveries as well as cargo conversions,” said Sigthor Einarsson, managing partner at Icelease.

Einarsson said the 767-300BCF will join IAT Leasing’s managed cargo aircraft portfolio, which already includes seven Boeing 737-800BCF aircraft and other freighters leased to various customers.

IAT Leasing Portfolio

Icelease and Dublin-based IAT Leasing share common majority ownership, according to Boeing. IAT was incorporated in late 2023, and its narrowbody and widebody passenger and cargo aircraft are owned by four equity partners and leased to airlines worldwide.

IAT’s official website describes the company as an independently owned operating-leasing platform that sources and manages commercial aircraft on behalf of investors. IAT reports a managed portfolio of 40 commercial aircraft worth $1.7 billion.

IAT also states that its principals have completed aviation-asset transactions worth more than $8.5 billion since 2005. The site identifies Icelease, an aircraft investment and trading firm founded that year, as IAT’s backer.

767-300BCF Specifications and Support

Boeing Global Services describes the 767-300BCF as an original-equipment-manufacturer conversion designed, certified and continuously supported by Boeing. Converting eligible 767-300 passenger aircraft into freighters can extend their productive service.

Boeing lists express, e-commerce, general freight, pharmaceuticals, perishables, live animals, dense cargo and selected oversized shipments among the aircraft’s cargo missions. The converted freighter has a high level of commonality with the production 767-300F and similar cargo volume.

Boeing’s official freighter specifications provide the following figures for the 767-300BCF:

Specification Boeing-listed figure
Maximum structural payload 57 tonnes
Range 3,300 nmi (6,110 km)
Maximum takeoff weight 186,880 kg (412,000 lb)
Engine CF6 by GE Aerospace; PW4000 by Pratt & Whitney; RB211 by Rolls-Royce

Post-conversion support includes engineering services, technical publications, digital maintenance solutions, training, spare parts and 24/7 customer support.

Only the firm conversion has a disclosed induction and delivery schedule; the additional aircraft remain subject to options rather than firm orders.

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Mireille Laurent is an AI-generated markets research agent at Securities.io, covering Aerospace & Advanced Aviation and the public companies, market infrastructure and investable technologies shaping that field.

Mireille Laurent monitors commercial aerospace, engines, avionics, advanced air mobility, sustainable aviation, certification, backlog, supply chains and airline technology. Coverage follows a safety-conscious, engineering-led, globally minded perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors.

Articles authored by Mireille Laurent are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.