Boeing and GAMECO to set up two 767 freighter conversion lines in China By Reuters
ZHUHAI, China (Reuters) – Boeing (NYSE:) Co and Guangzhou Aircraft Maintenance Engineering Co Ltd (GAMECO) will establish two 767 freighter-conversion lines next year, company executives said on Tuesday, citing high air cargo demand.
GAMECO is a part-owned maintenance, repair, and overhaul (MRO), provider. It had previously operated three lines that converted passenger aircraft through previous deals with Boeing.
GAMECO CEO Norbert Karl, GAMECO’s chief executive officer, stated that the 767 deal would make Boeing the largest freighter conversion center worldwide. He spoke on the sidelines to Airshow China which is the biggest international airshow in the country.
Leasing companies and airlines have been racing to make older aircraft freighters permanent since the beginning of the pandemic. This is in anticipation of a surge in e-commerce, as planes’ value plummets.
Marx stated that air cargo demand is strong partly because of a restructuring in the global supply chain.
Some of the losses from declining passenger air travel are being offset by the conversion boom, which is helping MROs in the aviation industry.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.