Qantas Freight postpones B747 ACMI freighter upgrade

04 / 09 / 2013

  • Qantas Freight postponed a plan to upgrade its B747 ACMI freighter contract to a B747-ERF

    Qantas Freight postponed a plan to upgrade its B747 ACMI freighter contract to a B747-ERF because of weak market conditions in the Asia Pacific region

QANTAS Freight has postponed a plan to upgrade its B747 ACMI freighter contract to a newer, longer-range variant.

The Australian carrier has decided not to finalise a new lease agreement because of weak market conditions in the Asia Pacific region.

In April, Qantas announced its intention to lease a B747-ERF for its global airfreight product.

“In light of recent soft international airfreight market conditions Qantas has elected not to finalise this lease agreement,” says a spokesperson.

“Qantas Freight was intending to replace an older B747-400 freighter with the near-new aircraft, but will not proceed at this stage.”

The change does not affect Qantas Freight's current services and the existing international freighter schedule remains in place, a statement adds.

“The airfreight industry is cyclical and Qantas will re-examine options when the markets have strengthened,” it adds.

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