Orders for 737-800 converted freighters are picking up as aircraft fleet operator ASL Aviation Holdings (ASL) exercised options to convert 10 of the aircraft for cargo use, following an original agreement with Boeing for 10 firm orders and 10 options at the Paris Air Show in June 2019. ASL said the 737-800BCF aircraft will be operated mainly by its European airline partners and will be introduced to meet the requirements of its express integrator customers like DHL, Amazon and FedEx. The … [Read more...] about B737-800 conversions pick up as lessors bank on potential
Boeing
Aircraft lessor BBAM to add 12 more 737-800BCFs
BBAM Limited Partnership is set to expand its 737-800BCF fleet with six firm orders and six options, as the aircraft leasing company looks to ride on the continued growth in the e-commerce and express cargo market. Boeing said the agreement brings the aircraft lessor’s 737-800BCF orders and commitments to 15. “As we look ahead to expanding our cargo fleet, the 737-800 Boeing Converted Freighter provides the performance and efficiency our customers need,” said Steve Zissis, CEO of … [Read more...] about Aircraft lessor BBAM to add 12 more 737-800BCFs
Air cargo to grow 4 percent yearly until 2039, according to Boeing
Boeing predicts world air cargo traffic to grow at 4 percent per year over the next 20 years, influenced by trade and growing express shipments to support e-commerce, according to its newest forecast. The report said Asia will continue to lead the world in average annual air cargo growth, with domestic China and intra-East Asia and Oceania markets expanding 5.8 percent and 4.9 percent per year, respectively. The East Asia–North America and Europe–East Asia markets will grow slightly faster … [Read more...] about Air cargo to grow 4 percent yearly until 2039, according to Boeing
Boeing’s 747 to exit production as airlines adjust to new reality
Boeing announced production stoppage of the 747 jumbo jet following news that numerous airlines would be retiring their 747 fleets due to the effect of the COVID-19 pandemic, data and analytics firm GlobalData stated in a press release. British Airways, Qantas, KLM and Virgin Atlantic have either retired their fleets, or plan to do so ahead of pre-COVID-19 schedules. GlobalData said that shedding Boeing’s ‘increasingly redundant’ wide-body product and focusing on narrow-body aircraft such as … [Read more...] about Boeing’s 747 to exit production as airlines adjust to new reality
DHL Express bolsters fleet with converted Boeing 767-300 freighters
DHL Express will add four converted 767-300 Boeing freighters as part of the logistics company’s efforts to modernise and grow its fleet, a press release stated. The aircraft are converted from passenger to freighter configuration by Boeing to fit the needs of DHL Express and meet the rising global demand for express services. “We are excited to introduce additional B767 freighters to the DHL Express air network,” explains Geoff Kehr, SVP for global air fleet management at DHL Express, … [Read more...] about DHL Express bolsters fleet with converted Boeing 767-300 freighters
Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19
Frost & Sullivan’s recent analysis, Post-pandemic Growth Opportunity Analysis of the Global Commercial Aircraft Market, presents updates to the 2020 outlook and growth opportunities for original equipment manufacturers (OEMs), the supply chain, and aftermarket suppliers. Under the conservative forecast scenario, the market is estimated to witness a dramatic drop in revenues, reaching $149.24 billion in 2020 and garnering a revenue of $271.67 billion by 2025. However, the aspirational … [Read more...] about Frost & Sullivan: Global commercial aircraft market to focus on innovative digital solutions and leasing post-COVID-19