Boeing’s latest update to its annual market outlook notes that the world freighter fleet is forecast to increase from 1,750 to 2,980 aircraft by 2029. This growth is made up of roughly 740 new-production freighters and 1,750 passenger conversions. In the meantime the cargo environment is still on the mend from last year’s devastation which will likely have a lasting impact including the acceleration of retirement of older aircraft, like the B747-200 and put into question … [Read more...] about Freighters Supplement in September issue

Cargojet Income Fund, Canada’s leading domestic premium overnight air cargo network operator, announced today that it has sold its 55 per cent interest in the Cargojet Regional Partnership to SkyLink Express Inc. for a CDN$3.2 million (US$3.1 million) promissory note secured by aircraft owned by SL Express. SL Express previously held the other 45 per cent interest in the partnership, and will operate the regional business under its own trade name, Skylink Express. Specializing in … [Read more...] about AMERICAS: Cargojet sells freighter business to SkyLink

The Aviation Capital Group (ACG) has ordered two 737-400SF 11-pallet configuration passenger-to-freighter conversions from Aeronautical Engineers Inc (AEI). The first aircraft was built in 1991 and is currently undergoing freighter modification and maintenance. The second is expected to be inducted for conversion by year-end. Robert Convey, vice-president sales and marketing for Aeronautical Engineers, said: “We are seeing an overwhelming response to [this] new…configuration, which … [Read more...] about AMERICAS: AEI wins orders for 2 more 737-400SF conversions

Boeing is forecasting a US$3.6 trillion market for new commercial airplanes over the next 20 years as world economies rebound and strong demand for new and replacement aircraft spurs growth. The Boeing 2010 Current Market Outlook (CMO), now in its 46th year was released in London late last month, foresees a market for 30,900 new commercial passenger and freighter aircraft by 2029. “The world market is doing much better than last year, but there are still challenges,” said Randy … [Read more...] about AMERICAS: Boeing revises global demand outlook upward

Hawaiian Airlines is launching a four times weekly service to South Korea using Boeing 767-300ER aircraft from January 2011, as part of its ambitious expansion into Asia as it continues its evolution from an inter-island and West Coast carrier to a more significant international player. Hawaiian president and CEO Mark Dunkerley said Incheon will be a key hub for Hawaiian because of its accessibility and proximity to other countries in the region including China. In June, Hawaiian received … [Read more...] about AMERICAS: Hawaiian to start Incheon service next year

The Russian-Ukrainian joint venture UAC-Antonov, which aims to become the main structure to consolidate the aircraft building enterprises of the two countries, will likely be established by 1 October. It will be headed by Yuriy Grudinin, director general of civil subsidiary of UAC. The deputy chief designer of Antonov, Alexander Kiva will be appointed as deputy director general. The joint venture will initially be responsible for marketing of Antonov planes. The joint venture will be based in … [Read more...] about EUROPE & CIS: UAC-Antonov joint venture in process