Cargojet, a Canadian cargo airline, has announced that it will postpone the conversion of its passenger aircraft to cargo planes and sell its 777 aircraft due to decreasing demand. The move comes as the airline industry is facing unprecedented challenges due to the COVID-19 pandemic.
Cargojet had planned to convert its passenger aircraft to cargo planes in order to meet the increasing demand for cargo services. However, the airline has now decided to postpone the conversion due to the decrease in demand for air cargo services. The airline has also decided to sell its 777 aircraft, which it had acquired for cargo operations.
The COVID-19 pandemic has had a major impact on the airline industry, with many airlines facing significant losses due to decreased demand for air travel. The decrease in demand for air cargo services has also had a major impact on Cargojet, as the airline had planned to increase its cargo operations with the conversion of its passenger aircraft.
Cargojet is not the only airline to be affected by the decrease in demand for air cargo services. Other airlines have also been forced to reduce their cargo operations due to the decrease in demand. Airlines are also facing additional challenges due to the closure of international borders and restrictions on air travel.
The decrease in demand for air cargo services has had a major impact on Cargojet and other airlines. However, the airline is confident that it will be able to weather the storm and continue providing its services. The airline has also stated that it will continue to monitor the situation and make further adjustments as needed.
In conclusion, Cargojet has decided to postpone the conversion of its passenger aircraft to cargo planes and sell its 777 aircraft due to decreasing demand for air cargo services. The move comes as the airline industry is facing unprecedented challenges due to the COVID-19 pandemic. Cargojet is confident that it will be able to weather the storm and continue providing its services.
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- Source: Plato Data Intelligence: PlatoAiStream