Icelease Orders Boeing 767-300 Converted Freighter
The lessor has ordered one 767-300 Boeing Converted Freighter and secured options for up to two more aircraft.
Updated on Nov. 2, 2026 in Air Travel
Icelease has ordered one 767-300 Boeing Converted Freighter from Boeing and secured options for up to two additional 767-300BCF aircraft. The aircraft will be converted at ST Engineering's airframe MRO facilities in Singapore.
Why it matters
The order extends Icelease's continued growth of its freighter portfolio and deepens a relationship with Boeing that spans more than 20 years. It also reflects demand for converted cargo aircraft as operators expand dedicated freight capacity.
The firm order covers one 767-300BCF with options for up to two more, while IAT Leasing manages seven Boeing 737-800BCF aircraft in its existing cargo portfolio. The stub does not disclose pricing or whether the options will be exercised.
The players
Icelease
Icelease is an aircraft leasing company that continues to expand its freighter portfolio and has a relationship with Boeing spanning over 20 years.
Boeing
Boeing is the American aerospace manufacturer that produces the 767-300 Boeing Converted Freighter and will perform the conversions.
ST Engineering
ST Engineering is a Singapore-based engineering group whose airframe MRO facilities will carry out the aircraft conversions.
The details
Boeing will convert the aircraft at ST Engineering's airframe MRO facilities in Singapore, and the 767-300BCF will join the cargo aircraft portfolio managed by IAT Leasing. The agreement builds on a relationship between Icelease and Boeing dating back more than 20 years.
Timeline
Q1 2027: Scheduled induction of the first aircraft
Q2 2027: Expected delivery of the converted aircraft
Air Travel Context
The order extends the 767-300BCF conversion program into the hands of a new lessor, following the same Boeing-led conversion pathway used for the 737-800BCF aircraft already in IAT Leasing's portfolio. It signals continued lessor interest in converted widebody freighters as cargo capacity demand persists.
For travelers, the freighter order has little direct effect on passenger flight planning, since these are cargo aircraft. The shift matters more for shipping timelines and cargo capacity on routes served by converted freighters.
The takeaway
Dedicated freighter capacity is growing through conversions of existing widebody aircraft, a pathway lessors are continuing to use to expand cargo fleets. Readers tracking air cargo can watch the Q1 and Q2 2027 induction and delivery milestones for signs of how the program performs.
What happens next
Induction of the first aircraft is scheduled for Q1 2027, with delivery of the converted aircraft expected in Q2 2027.
Further reading
Explore more in Air Travel coverage on freight aircraft orders and fleet expansion.
