Page 4 - STAT October 2023 for Magzter only
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                                                                                        ith the air freight market
                                                                                        slowly picking up and
                                                                                        rates/tonnages inching
         P2F DEMAND  Winto the positive zone
         STEADY NOW                                                          conversions - passenger to freighters
                                                                             after a long lull, the focus could shift to
                                                                             (P2Fs) but with multiple challenges.
                                                                               IBA, the leading aviation market intel-
                                                                             ligence and consultancy company, has
         BUT OUTLOOK                                                         indicated signals of potential oversup-
                                                                             ply of the Boeing 737-800 passenger to
                                                                             freighter (P2F) aircraft with 60 conver-
                                                                             sions forecast for this year alone.
         UNCERTAIN                                                           been converted at a faster rate than any
                                                                               IBA also highlights that 737-800 has

                                                                             other P2F programme. "The total 737-800
                                                                             P2F fleet is on course to surpass the

                                                                             IBA believes suggests a risk of oversup-
                 Demand for passenger-to-freighter conversions               757-200 P2F fleet of 311 aircraft, which
                 peaked during the pandemic and the bearish                  ply based on the rapid fleet growth.
                                                                             Indeed, the 737-800 continues to lead
                 trends in demand, along with rising passenger               the narrowbody conversion market with
                 growth, is not helping conversions.                         conversions of the A321-200 remaining
                                                                             steady as expected with 20 planned
                     Jyothi Shankaran                                        for this year."



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