AerCap Holdings has placed the first converted Airbus A320s freighters from its fleet on lease with European cargo operator West Atlantic.

The aircraft is part of a passenger to freighter (P2F) conversion project for up to 30 A320 aircraft that AerCap agreed with Airbus Freighter Conversions (AFC) in 2008.

Under the lease agreement, West Atlantic will become the launch operator for the A320 P2Fs, taking an initial three aircraft on lease from AerCap with deliveries between 2012 and mid-2013.

The operator will also have an option for four additional aircraft by 2015.

AerCap, its subsidiary AeroTurbine and AFC will provide spares, crew training and line support to West Atlantic for enabling the entry of the converted plane into service.

AerCap CEO Klaus Heinemann said that AerCap’s expansion into the freighter segment with the A320 P2F will further advance the diversification of its asset and customer base and provide residual value enhancement for older A320 aircraft.

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