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Qingdao becomes Asia-Pacific’s sole Boeing 777 freighter conversion hub, with first production line set to start operation in September_我的网站

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    A Central Airlines Boeing 777-200LRF freighter approaches Shanghai Hongqiao International Airport on July 29, 2026. Photo: VCG
US-based Mammoth Freighters decided to establish China's first Boeing 777 wide-body passenger-to-freighter conversion production line in Qingdao, East China's Shandong Province, making the city the world's third and the Asia-Pacific's only Boeing 777 conversion hub.
A Chinese expert said that the arrangement reflects the latest win-win outcome between China and the US in the aviation sector, which will help Mammoth expand in the Asia-Pacific market and improve its global production layout, while also providing an important opportunity for China's aviation maintenance industry to enhance its full industrial chain.
According to the Shandong Provincial Department of Transportation on Tuesday, the Texas-based company reached a strategic partnership with Taikoo (Shandong) Aircraft Engineering Co to establish two P2F conversion lines in Qingdao, with the first scheduled to begin operations in September this year and the second expected to come online in 2027.
The conversion line will effectively fill a technological gap in China's aviation maintenance industry. It will also complete the full industrial chain in Shandong — ranging from aircraft maintenance and conversion to cargo operations and support — providing strong backing for the high-quality development of the province's aviation maintenance sector, the department noted.
Mammoth Freighters is a specialized company focused on the design and development of wide-body P2F conversions. According to the company's plan, it will operate a total of nine P2F conversion lines worldwide: five in Fort Worth, Texas; two in Manchester, the UK; and two in Qingdao. 
Global air cargo capacity is undergoing accelerated upgrades, driving concentrated demand for wide-body freighter conversions. Compared with newly manufactured freighters, P2F conversions offer decisive advantages. A  brand-new Boeing 777 freighter has a list price exceeding $185 million and a delivery lead time of approximately three to five years, whereas a converted freighter costs only about half as much and can be delivered in as little as six months. This makes P2F conversion the most economical and efficient way for global air cargo operators to expand capacity at present.
"By placing its only Asia-Pacific production capacity in Qingdao, the US company has demonstrated its trust in the Chinese market and China's wide-body aircraft conversion capabilities," Wang Ya'nan, editor-in-chief of Beijing-based Aerospace Knowledge magazine, told the Global Times on Tuesday.
Wang noted that the conversion line requires sufficient industrial and technological support, the ability to recruit qualified technical personnel, and the capacity to meet cost and operational requirements. China's overall manufacturing strength has already reached the corresponding level.
Some specialized parts and components may be considered for production in China in the future, in order to ensure supply-chain stability and economic efficiency. China's strong industrial manufacturing capability can support the production of these components, and locating the supply chain in China can maintain stable operations and high efficiency, Wang added.
For China, the new cooperation allows observation of and learning about the wide-body aircraft conversion process, production-line operational experience, and market performance, while also accumulating experience for the development of a large-aircraft family and freighter conversions. "Therefore, this is a mutually beneficial and rational outcome for both sides," the expert said.
。    　　上周末，长存控股科创板IPO申请正式获上交所受理。招股书显示，公司发行前的股东共计29家，湖北地方国资、国家级基金、银行系AIC（金融资产投资公司）、市场化创投以及员工持股平台齐聚一堂。

二 | 　　湖北地方国资是压舱石，共计5家主体。

三 | 湖北长晟持股26.54%、芯飞科技持股25.35%，位列前两大股东，叠加光谷产投、国芯基金、长江产业集团，地方国资为企业早期建设、产能扩张提供坚实保障。　　大基金一期、二期合计持股超23%，搭配中网投共3只国家级基金。作为国内半导体产业最重要的国家级产业投资载体，大基金自长存控股发展早期便深度参与。中网投则从数字产业维度，进一步完善国家级资本的布局矩阵。　　5家国有大行AIC集体现身股东名单，农银投资、建信投资、交银投资、中银资产1号、工融基金，每家持股均为0.61%。　　资料显示，2024年，长存控股的财务情况虽有好转，但仍难言乐观，当年6月，公司完成第八次增资，五大行AIC合计出资约39亿元。交银投资相关人士表示，公司走的是市场化债转股的“发股还债”模式——资金到账后，企业须用于偿还存量金融债务，以此实现降杠杆。

四 | 　　除银行系资本外，上海国有资产经营有限公司作为异地地方国资参与布局；9家市场化VC/PE错落布局，闻名投资、华恒系列基金、炬达二号等机构带来市场化产业资源。6个智芯系列员工持股平台，完成核心技术与管理团队的利益绑定。　　整体来看，长存控股无单一控股股东，属于多元共治股权架构。地方国资托底产业落地，国家大基金主攻技术突破，银行AIC补充长期股权资本，市场化创投赋能产业资源，员工持股绑定核心人才，多类主体各有分工。（文章来源：东方财富研究中心）。

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