Aircraft manufacturer Boeing (NYSE: BA) is experiencing an uplift in business to convert former passenger planes for all-cargo operations.
“Strong demand is driven by customers transitioning to newer-generation freighters and choosing a Boeing converted freighter (BCF) as a cost-efficient alternative that can be modified with approximately a 90-day turnaround time, regardless of the conversion facility,” spokeswoman Laura Fenton told American Shipper.
Sustained e-commerce growth and an abundance of affordable aircraft to convert to freighters are driving this demand, she added.
German courier DHL Express (OTCMKTS: DPSGY) recently contracted with Boeing to convert four 767-300 passenger planes to freighter operations. The express carrier said conversions are part of an effort to modernize its long-haul intercontinental aircraft fleet.
“We have operated the 767-300F model across our global fleet for many years and look forward to continue investing in the platform by adding more 767-300BCFs,” said Geoff Kehr, DHL’s senior vice president of global air fleet management, in a statement.
The website Plane Spotter says DHL Express currently operates a fleet of 34 767-300 freighters.
According to Boeing, the 767-300BCF has the same cargo capacity as the purpose-built 767-300 freighter, with about a 50-ton payload and a 3,000-nautical-mile flight range.
In another recent announcement, Boeing said it will convert two 737-800 passenger planes to cargo operations for Aircraft Finance Germany (AFG), an aircraft brokerage firm.
The 737-800 cargo plane can carry up to 24 tons of freight per payload and with a 2,000-nautical-mile flight range is best suited for regional express services, Boeing said.
Boeing delivered its first 737-800BCF in 2018 and now has 10 airline customers that utilize the cargo aircraft. The company said it has ramped up production of 737-800BCFs with 132 aircraft orders. So far, Boeing has delivered 34 of the converted planes.
Boeing did not disclose the financial terms of the aircraft conversions for DHL and AGF.