Boeing, GMR to convert passenger planes into freighters

Boeing India and GMR Technic signed a contract to convert a Boeing 737 passenger plane to a freighter, designated the 737 BCF. The next phase of Boeing’s 75-year partnership with India, according to Chief Strategy Officer Marc Allen, will be represented by this action.

While the American giant wants to increase its complicated aircraft modification skills in India and take advantage of the expanding cargo market demand, Boeing and GMR Aero Technic are setting up the passenger plane to freighter conversion line in Hyderabad.

The investment was made despite the worldwide economic downturn, which has had an impact on the global aircraft cargo industry. Additionally, it supports the US company’s expansion into India and follows a record-breaking plane order by the national carrier, Air India.

According to the International Air Transport Association (IATA), the demand for cargo worldwide declined by approximately 15% in January.

According to data source WorldACD, air freight rates are 28% lower now than they were this time last year.