Reuters
Published: 14 Dec 2020 08:15 AM BdST
Updated: 14 Dec 2020 08:15 AM BdST View of the interior of a fully converted Airbus A321 freighter at an ST Engineering hangar in Singapore December 2, 2020. REUTERS
From Air Canada to China’s CDB Aviation, airlines and leasing firms are rushing to permanently convert older passenger jets into freighters, betting on a boom in e-commerce as the value of used planes tumbles amid the pandemic. );
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That has created a huge opportunity for passenger-to-freighter (P2F) conversion companies, including Singapore Technologies (ST) Engineering Ltd, Israel Aerospace Industries (IAI) and US-based Aeronautical Engineers Inc.
Aviation analytics firm Cirium expects the number of P2F conversions globally will rise by 36% to 90 planes in 2021, and to 109 planes in 2022.
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