What we did see happening during pandemic is that e-commerce shipping demand remained strong, and airlines started re-evaluating their fleet requirements. The pandemic also did not cause any distribution change between forecast converted freighter demand and dedicated freighter demand. In fact, Boeing anticipated lower demand for freighters compared to pre-pandemic levels, and that also has resulted in a reduction in the number of conversions that are expected to take place. What should be kept in mind is that anticipated demand for converted freighters is not something that rose during the pandemic as available belly capacity dried up and there was no upside on dedicated freighter production. Around 66% of the demand will be filled by converted freighters, which are passenger aircraft converted for freighter service, and 20% of the total will be filled by wide body conversions for the Boeing 767 and Boeing 777.īoeing freighter demand forecast development (The Aerospace Forum) In its most recent forecast, Boeing expects 2,610 deliveries in the freighter segment which supports a 70% growth in the global freighter fleet in the coming 20 years.

Strong Demand for Freightersīoeing freighter market CMO (The Boeing Company)

In this report, I will explain why the launch makes sense from multiple perspectives such as demand, product portfolio expansion and expansion of revenues in the services segment, as well as the commercial aircraft production segment. Else, Boeing will have news on its development later this year, possibly during its Investor Day. The most recent news reported by The Air Current is that Boeing ( NYSE: BA ) is eyeing a converted freighter launch for the Boeing 777-300ER possibly during the upcoming Farnborough International Airshow that will take place in July. All of a sudden there was a big glut of aircraft being released into the marketplace and little to no demand for passenger service, so freighter conversion all of a sudden became a lot more attractive. Throughout the pandemic, we saw many airlines removing wide body aircraft from their fleets, leaving owners of the aircraft with a headache. Boarding1Now/iStock Editorial via Getty Images

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