Cargojet has exited its commitment for 777 aircraft with cargo conversion packages by selling the rights to aircraft trader Jetran, which is bullish on the aircraft’s prospects.
Cargojet says there isn’t enough airfreight business to justify its planned investment in 777 converted freighters. It wants to get out of its commitments, most likely by selling the aircraft to another company.
DHL Express is ordering nine passenger-to-freighter conversion aircraft to modernize its large fleet.
Fly Meta has one aircraft and no pilots, but it plans to acquire four Boeing 777 jets transformed for dedicated cargo carriage.
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.
Saudi Arabian Airlines is investing in seven 777 converted freighters as it looks ahead to strong cargo opportunities.
Cargojet is the launch customer for Mammoth Freighters, which turns used passenger planes into full-time cargo haulers.
Mammoth Freighters plans to produce 777 passenger-to-freighter conversions. A new deal makes it more mammoth.
Mammoth Freighters has deep pockets and ambitious goals for selling converted passenger planes for cargo operations.
