Leasing companies are going bonkers converting used aircraft for cargo. As demand for air cargo cools, there could be a glut that lowers shipping rates.
Aerospace engineering firm Mammoth Freighters hasn’t built one converted freighter yet but is already adding capacity to meet demand.
Thursday was a busy day for aircraft conversion deals, with leasing companies placing deposits to get passenger aircraft changed into freighters.
Boeing 737-800 passenger-to-freighter conversions are selling like hotcakes. A Japanese-owned leasing company snapped up six more slots.
AELF FlightServices, a provider of operating leases, is chasing the cargo market with an order for its first 767 conversion aircraft.
Airbus is so pleased with its first three Airbus A321 freighter conversions that it plans to add six more of the jets.
Boeing, Airbus and independent aviation engineering companies are trying to meet demand for converting standard passenger jets to cargo configuration.
Companies that want standard freighters from the pre-owned market are in a race to find suppliers. Raya Airways and ASL are in the door with their orders.
Vallair says it will turn passenger aircraft into light-duty freighters by clearing out the cabin so boxes can be loaded on the floor.
Embraer is the latest manufacturer to launch a freighter conversion program for used passenger aircraft.
