With the completion of ST Aerospace’s investment of 35% equity interest in Elbe Flugeugwerke GmbH (EADS EFW) and following the receipt of regulatory approvals, ST Aeropace, EFW and Airbus have initiated the A330 Passenger-to-Freight (P2F)aircraft conversion engineering development phase. In February last year, the three companies signed a memorandum of understanding for a strategic partnership to develop the A330P2F conversion programme. ST Aerospace will lead the A330P2F engineering development, while EADS EFW will subsequently be responsible as programme lead during the industrial phase, and will undertake most of the conversions at its facilities in Dresden, Germany. Under the agreement it

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