The subsidiary of HNA Aviation Technic Co. is expected to start converting Boeing 737-800SFs in the first quarter of 2024 with Hainan Airlines agreeing to at least 3 conversions.
Robert Convey, Senior Vice President of Sales and Marketing, says, “While the global narrowbody conversion market has slowed somewhat over the last year, we are nonetheless expanding conversion capacity as we believe the market will improve with China recording a stronger recovery over the next several years.”
Dongsheng Yang, General Manager of Market Development Department at GCAM, adds, “In the post-epidemic period, there is still a large demand in the cargo market, and there is a huge market potential in the Asia-Pacific region about the Boeing 737 freighter conversion business. GCAM takes advantage of the policy of Hainan Free Trade Port, seize the market opportunity, and build the freighter conversion capacity.
“At the same time, GCAM has great advantages in product price, maintenance ability, maintenance quality and service quality, and can attract many domestic and foreign customers to Hainan in the future to carry out freighter conversion business.”