Air Transport Services Group, Inc. (Nasdaq: ATSG), the world’s largest owner and operator of converted Boeing 767 aircraft, announced today that its leasing subsidiary Cargo Aircraft Management has placed a second order with Boeing (NYSE: BA) for the conversion of four CAM-owned 767-300 aircraft into Boeing Converted Freighters (BCF), with an option for four additional conversions beyond that. The conversions are slated to begin in late 2023.
The company, which recently reported record 2021 results, has been heavily investing in more all-cargo aircraft it can lease and operate for airlines and logistics companies. It now has more than 80 passenger-to-freighter conversion slots locked up over the next five years.
Demand for the 767-300 platform remains strong among e-commerce and express providers.
“We are thrilled that ATSG has again selected the 767-300BCF to increase their portfolio and fleet growth for e-commerce and express customers around the world,” said Jens Steinhagen, director of the Boeing Converted Freighter program. “The 767-300BCF is in strong demand, and we are adding three additional 767-300BCF conversion lines at new and existing MRO suppliers around the globe to help customers like ATSG provide their customers with the dedicated freighter capacity they need.”
Demand for freighters has increased during the pandemic with the growth of e-commerce and fewer passenger aircraft in operation to carry cargo
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