P2F market booms with Airbus and Boeing expanding production

Airbus, one of the world’s largest airplane manufacturers, has firmed up plans for the freighter version of its successful passenger jet A350 with interest from the likes of global cargo giants DHL and UPS. And Boeing, which has a near monopoly in the production freighter market, has a plan for a freighter version of it’s yet to be operational passenger jet B777X.
While the Covid-19 pandemic has taken its toll on the aviation sector, cargo operations are offsetting operators’ losses, as it continues to play a critical role in facilitating international trade. As a result, industry forecasts show an increase in demand for wide-body freighter aircraft with long-haul capacity.
As original equipment manufacturers like Airbus and Boeing expand their production freighter options, the conversion of passenger-to-freighter (P2F) business has also boomed ever since the Covid-19 pandemic gripped the world.