Cargo delivery firm United Parcel Service (UPS) has ordered 19 Boeing 767 Freighters to serve increased air cargo demand.
The deal adds to a record-breaking year for freighter sales, including 80 firm orders for new widebody freighters and more than 80 orders for Boeing Converted Freighters. In 2021 air cargo demand surged due to an expansion of e-commerce and express cargo markets.
UPS US Operations President Nando Cesarone said:”The Boeing 767 is the most versatile aircraft we operate. Our plan to purchase 19 aircraft and take delivery between 2023 and 2025 aligns with the strategy and capital expenditure forecast shared during our June 2021 Investor and Analyst Day. It also supports our sustainability efforts by making our fleet more efficient and improving reliability.”
Deal will enable UPS to meet near and long term demand
Ihssane Mounir, Boeing senior vice president of Commercial Sales and Marketing added: “This latest order for 19 jets bookends an incredible year for the Boeing Freighter family. Since the programme was launched, UPS has recognised the value of the 767 Freighter and utilised the airplane’s outstanding cargo capabilities throughout its network. These new jets will enable UPS to meet expected near-term and long-term cargo demand with the proven economics, reliability, and flexibility.”
The 767 Freighter is based on the 767-300ER (Extended Range) passenger jet and can carry up to 52.4 tons of revenue cargo with intercontinental range for long-haul, regional and feeder markets. UPS was the launch customer for the 767 Freighter in 1995, and since then has ordered a total of 91 of the aircraft. The carrier currently operates 236 Boeing freighters including the 747, 757, 767, and MD-11.
Boeing’s 2021 Commercial Market Outlook forecasts an annual increase of 4 per cent in air cargo demand (Freight Tonne Kilometres) throughout the next 20 years. The 767 freighter has had more than 270 orders since programme launch and continues to play a key role in supporting demand, together with a global freighter fleet predicted to grow by 70 per cent by 2040.