Boeing, UPS Announce Agreement For 767 Passenger To Freighter Conversions
Boeing (BA) and UPS (UPS) announced an order at the 2017 Paris Air Show today to convert three 767 passenger airplanes into Boeing Converted Freighters. UPS and Boeing have collaborated on airlift since 1981, when UPS purchased its first 727s to begin its Next Day Air operation, and the transportation giant was Boeing's launch customer for the 767 freighter in 1995.
Boeing's current market outlook forecasts a need for 400 wide-body conversions over the next two decades, with strong demand for 767 freighter conversions due to a rise in e-commerce and the express market. UPS operates 184 Boeing aircraft. In October, 2016 UPS announced the purchase of 14 747-8 Freighters, with options to purchase 14 additional aircraft.
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