The Asia-Pacific region will lead air cargo growth in the next 20 years, with demand for converted freighters forming two-thirds of this demand.
Boeing Global Services, in its 2019 outlook, estimates that the region will see 340 new freighters delivered over the next 20 years, forming almost a third of global freighter deliveries.
The new aircraft values for these freighters is estimated at about $105 billion, also about a third of global freighter values.
The proportion of converted to new freighters in the Asia-Pacific region compares similarly to the global proportion, says Boeing Global Services chief marketing officer for commercial services Tonya DelMaestro.
“Boeing is positioned [and] and prepared to convert existing 767-300s and 737-800s into freighters,” DelMaestro told reporters.
The 767-300BCF programme was launched more than a decade ago, while the 737-800BCF programme was launched in 2016.
The airframer also has the 747-8F, 777F as well as the 767-300F models in its stable of freighters.
In its outlook, Boeing Global Services also sees ground and cargo operations taking the lion’s share of global commercial aviation services over the next 20 years.
Of the $9.1 trillion forecast, ground and cargo operations make up $4.8 trillion. This is followed by maintenance and engineering, which make up $2.4 billion.