Passenger to Freighter conversions will form a sizeable tranche of the ‘new’ main deck metal entering the market over the next 20 years, according to airframers Boeing and Airbus. Airbus has forecast 1,224 conversions over the next 20 years and Boeing has assumed 1,560 conversions in the same period. One of the main attractions of converting the asset to a freighter is that it will generate revenue for another 15 years or more beyond the aircraft’s useful economic life “retirement” age which today is frequently fewer than 25 years.
IBA’s Moshe Haimovich, EVP Head of Freighter Advisory, speaks to Aircargonews on freighter conversions and the predicted market growth.
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