This morning Israel Aerospace Industries’ (IAI) Aviation Group signed a Memorandum of Agreement (MoA), with the Incheon International Airport and Sharp Technics, to establish a Passenger 2 Cargo (P2F) conversion site in South Korea. The facility will specialize in converting Boeing 777-ERSF (“Big Twin”) from passenger to freighter. Within the framework of the agreement, IAI will convert six B777-300ER and B777-200LR per year, starting in 2024. Establishing more P2F aircraft conversion facilities around the world is necessary in order to meet the expected rise in demand for wide-body freighter aircraft with capacity for long flights. IAI’s Aviation Group states that