Boeing and Icelease Sign Agreement for up to Three 767-300 Boeing Converted Freighters
One aircraft is ordered, while up to two additional conversions remain options.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Boeing (BA) agreed with Icelease on an order for one 767-300 Boeing Converted Freighter, with options for additional aircraft. The agreement includes options for up to two more. The first aircraft is scheduled to enter conversion in Q1 2027, with delivery expected in Q2 2027. Conversion work will take place at ST Engineering's airframe maintenance facilities in Singapore.
Positive
- Minor pointOne 767-300BCF order from Icelease secures conversion business for Boeing.
- Minor point. Forward-looking: it has not happened yet and may not happen.Options for up to two more aircraft provide potential additional conversion business.
- Minor point. Forward-looking: it has not happened yet and may not happen.First aircraft conversion is scheduled for Q1 2027, with delivery expected in Q2 2027.
Negative
- None.
Key Figures
- Aircraft order and options
- 1 aircraft; options for up to 2 more
- 767-300 Boeing Converted Freighter agreement with Icelease
- First aircraft induction
- Q1 2027
- Scheduled
- Converted aircraft delivery
- Q2 2027
- Expected
Historical Context
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Boeing forecast demand for 2,930 new and converted freighters over the next 20 years.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- Agreement covers conversion of one 767-300BCF aircraft and secures options for two more
Induction of the first aircraft is scheduled for Q1 2027, with delivery of the converted aircraft expected in Q2 2027. Boeing will convert the airplanes at ST Engineering's airframe MRO facilities in
"This agreement with Boeing to convert up to three Boeing 767 aircraft marks an important milestone for both Icelease and its
"Icelease is an important partner for our Boeing Converted Freighter programs, and this agreement underlines our continued collaboration to meet global cargo demand," said Lindsey Douglas, vice president, Cabin, Modifications, Maintenance and Digital Services. "The 767-300BCF is a proven performer in the cargo industry, and we are confident it will continue to deliver value for many years to come."
Boeing and Icelease marked the occasion with a signing ceremony on Oct. 22, 2026 at Cargo Facts Symposium. The 767-300BCF is the world's most efficient medium widebody converted freighter and has a range of 3,300 nmi with a 57-tonne payload.
About Icelease
Over its 21 years of existence Icelease has built extensive experience in aircraft acquisitions, leasing, operations, finance, and investor relations, and a network of strong relationships with global commercial airlines, aircraft lessors, aircraft brokers, and financial institutions. It shares common majority ownership with its sister company IAT Leasing in Dublin, which has, since its incorporation in late 2023, built an impressive portfolio of around 40 narrow and wide body passenger and cargo aircraft, which are owned by four different equity partners and are leased to airlines around the world.
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A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.
Contact:
Boeing Media Relations
media@boeing.com
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SOURCE Boeing
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many Boeing 767-300 converted freighters did Icelease order?
Icelease ordered one 767-300 Boeing Converted Freighter and secured options for up to two more. The additional aircraft are options, not firm orders.
When is Boeing expected to deliver Icelease's first 767-300BCF?
Delivery of the first converted aircraft is expected in Q2 2027. The aircraft is scheduled to enter conversion in Q1 2027, with work taking place at ST Engineering's airframe maintenance facilities in Singapore.