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INDUSTRY UPDATES

AIR CANADA’S AGGRESSIVE MOVE

16/2/2021

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After deciding to convert 2 passenger aircrafts into freighters early this year, Air Canada displays ambition in converting total of 7 of aircrafts (B767) into freighters. Although it is unlikely that all aircrafts will be up and running by the end of 2022, the announcement does point towards a brighter future for cargo industry. The yoy increase in revenue was noted to be a whopping 53%, valuing around CAD286 million. But that is not all. The carrier is also planning to step into e-commerce sector with a vision of delivering top-notch service to online retailers.
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