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Dublin, Dec. 23, 2020 (GLOBE NEWSWIRE)
Many airlines implemented temporary conversions of passenger planes to allow them to carry more cargo during the pandemic as a result of the declining demand for passenger travel along with the boom in e-commerce as more and more customers turned to shopping online. With the airline industry predicting that passenger travel will not return to 2019 levels until 2024 and demand for air freight expected to remain high, many airlines and leasing companies are now investing in permanently converting older planes to air freighters. The falling market value of older planes has also made freighter conversions an attractive option for many airlines. ....

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