Deucalion Aviation Funds signed an LOI with Air France to acquire six 747-400 passenger aircraft for conversion and subsequent delivery in 2009 and 2010. Deucalion will convert the aircraft to full freighters at the IAI/Bedek conversion facility with the first expected to be available in September 2009. Marketing of the freighters is being undertaken by DVB Bank, which manages Deucalion.

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