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Doorway to riches
01 October 2005
Converted passenger aircraft are becoming more popular with financiers to help bolster residual values. Geoff Hearn reports.
Converted aircraft will make up three-quarters of the
freighter fleet over the next 20 years – well at least
according to Boeing's cargo forecast, and it should know.
Ageing Boeing aircraft are being converted at an
ever-increasing rate and the US manufacturer is dominating the
In the larger freighter market, the new A380 Freighter and
the 747 Advanced Freighter (when launched) will form a
significant part of the market, as will the custom-built 777
Freighter. But in the small- to mid-sized freighter sector,
converted aircraft dominate.
Boeing is eager to maintain its dominance, and has
programmes and partners in place to offer conversions on a wide
range of its aircraft (see table).
Boeing's commitment to conversions is exemplified by the
rebranding of the 747-400 Special Freighter to the 747BCF, the
Boeing Converted Freighter. Many operators and owners are more
comfortable choosing programmes that are controlled by the
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