Summary: AerCap agrees to buy 20 cargo planes from Israel Aerospace Industries (IAI) in deal worth $400 million. A further option to buy 10 more. That agreement was made in 2023 but first converted plane - a 777-300 - is now approved nu Federal Aviation Authority (FAA). IAI is converting the plane. The planes acquired by AerCap will be leased to other cargo companies with the first going to Kalitta Air.