Saturday, November 28, 2020

Tag: What’s Going on in the Used Passenger-Plane Market?

What’s Going on in the Used Passenger-Plane Market?

by Wolf Richter, Wolf Street:

Converting used passenger-planes to freighters is a booming business, but overcapacity looms.

Air freight has been hot over the past few years. Just to give an example AirBridgeCargo, the wholly-owned subsidiary of Russia’s Volga-Dnepr Group set up to operate Western-made aircraft, has seen its volume grow from 340,000 tons in 2013 to 700,000 tons in 2017, and this is in spite of everything politics could throw its way.