03/07/2024
This year’s conversion market activity is expected to be “on a more normal level” compared to 2023, IBA Group has reported.
Cargo capacity demand during the pandemic drove conversion activity and this continued last year despite a slump in air cargo demand.
Narrowbody conversions make up the majority of growth in the market, said the aviation data, intelligence and advisory company during its recent ‘IBA Insight: How are Freighter Values Performing?’ webinar.
But the market could face an oversupply, primarily because of too many 737-800 converted freighter aircraft
https://www.aircargonews.net/monthly-exclusive/freighter-conversion-market-to-normalise-but-faces-over-oversupply/
The freighter conversion market is expected to normalise this year according to IBA, although there is a risk of narrowbody oversupply. This year’s