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Cargojet cuts B777 conversion plan on weaker outlook
来源：shippingazette 编辑：编辑部 发布：2023/03/15 15:23:10
CANADA's Cargojet is cutting the number of B777 freighter aircraft it plans to convert into freighters due to the weakening economic outlook, reports London's Air Cargo News.
The air freighter operator said that for now, it would now only pursue four of eight previously announced B777 freighter conversions as it curtails capital expenditure in response to "recent forecast for the slowing global economy".
One of the four aircraft being deferred was previously announced, two aircraft it had already purchased will now be sold and the fourth had yet to be purchased.
These four B777-300 freighter aircraft would have been used by Cargojet to expand its own freighter operations. The other four, all B77-200s, will continue to be converted and are earmarked to be deployed as part of a strategic agreement with DHL.
But Cargojet said that it would maintain access to the conversion delivery slots. "Arrangements with our MRO partner give us full flexibility to maintain optionality on these valuable B777 conversion slots for 2024 through 2026 while at the same time better timing our capital commitments taking into account global recessionary risk," the company said.
The air freighter operator said that for now, it would now only pursue four of eight previously announced B777 freighter conversions as it curtails capital expenditure in response to "recent forecast for the slowing global economy".
One of the four aircraft being deferred was previously announced, two aircraft it had already purchased will now be sold and the fourth had yet to be purchased.
These four B777-300 freighter aircraft would have been used by Cargojet to expand its own freighter operations. The other four, all B77-200s, will continue to be converted and are earmarked to be deployed as part of a strategic agreement with DHL.
But Cargojet said that it would maintain access to the conversion delivery slots. "Arrangements with our MRO partner give us full flexibility to maintain optionality on these valuable B777 conversion slots for 2024 through 2026 while at the same time better timing our capital commitments taking into account global recessionary risk," the company said.