Cargojet to Postpone Cargo Conversions Amid Decreasing Demand for 777 Aircraft

Time Stamp: March 6, 2023 8:26 PM
Source Node: 2422208

The aviation industry has been hit hard by the pandemic, and Cargojet is no exception. The Canadian cargo airline recently announced that it will be postponing its plans to convert four of its Boeing 777 aircraft into cargo planes. This decision comes as a result of the decreasing demand for the 777 aircraft due to the global health crisis.

Cargojet had originally planned to convert the four 777s into cargo planes in order to expand its fleet and meet the growing demand for air cargo services. However, the pandemic has caused a significant decrease in air travel, resulting in a decrease in demand for the 777 aircraft. This has led Cargojet to reconsider its plans and postpone the conversions until the demand for the aircraft increases again.

The postponement of the conversions is expected to have a negative impact on Cargojet’s operations. The airline will not be able to expand its fleet as quickly as it had hoped, and this could lead to delays in fulfilling customer orders. Additionally, Cargojet will have to bear the costs associated with storing the aircraft until the demand increases again.

Despite the postponement of the conversions, Cargojet is still committed to providing reliable air cargo services to its customers. The airline is continuing to invest in its fleet and is looking for ways to increase its capacity without relying on the 777 aircraft. Cargojet is also exploring other options such as leasing aircraft from other airlines in order to meet customer demand.

The postponement of Cargojet’s plans to convert its 777 aircraft into cargo planes is a result of the decrease in demand for the aircraft due to the pandemic. While this decision may have a negative impact on Cargojet’s operations, the airline is still committed to providing reliable air cargo services to its customers.