Sarah Patel's Avatar
published in Blogs
Nov 15, 2021
Boeing (BA, $221.02) plans to add three new air cargo conversion lines

Boeing (BA, $221.02) plans to add three new air cargo conversion lines

Boeing  announced that it plans to open three new air freighter conversion lines for its 737-800BCF aircraft in North America and Europe over the next two years.  

The aircraft manufacturer said it will open one conversion line in 2022 at Boeing's London Gatwick Maintenance, Repair & Overhaul facility, its state-of-the-art hangar in the U.K., and two conversion lines in 2023 at KF Aerospace MRO in Kelowna, British Columbia, Canada.

According to Boeing forecasts, it will need to convert 1,720 passenger jets to air freighters over the next 20 years to meet air cargo demand. Out of these, 1,200 will be standard-body conversions, with almost 20% of that demand coming from European carriers, and 30% from North America and Latin America.

Related Tickers: BA
Related Portfolios: AEROSPACE PRODUCTS & SERVICES,AEROSPACE DEFENSE 2