IBA: sustained demand for passenger to freighter aircraft conversions

Demand for passenger to freighter (PTF) aircraft conversions continues to remain strong following Covid-19, according to the IBA Group. In a recent webinar, IBA with AEI, revealed that there were over 132,000 active freighter flights across the globe in September 2021, compared with just over 95,000 in September 2019. Since the outset of Covid-19, freighter aircraft usage has grown dramatically, driven by the fall in belly hold capacity as passenger aircraft were grounded. While passenger aircraft flights have increased from their low point of 624,000 in March 2020 to 2.07 million in September 2021, that is still half its previous