China Postal Airlines signs purchase agreement for 10 Next-Generation 737 Boeing Converted Freighters

China Postal Airlines signed an agreement for 10 Next-Generation 737 Boeing Converted Freighters (BCFs), pending a program launch. The 737-800 is the first Next-Generation 737 that Boeing will offer for conversion. Through the 737 BCF program, Boeing will support customers in the narrow-body freighter market, a segment of the freighter market growing quickly around the world. China Postal Airlines joins Hangzhou-based YTO Airlines as a launch customer for the Boeing BCF program. China Postal’s agreement with Boeing – which also includes the purchase of seven Boeing 757-200s that the airline plans to convert into freighters – marks the largest purchase order in the airline’s history. The China air express market is forecast to be among the fastest growing segments of the world air cargo market. According to the Boeing World Air Cargo Forecast, world air cargo traffic will grow 4.7% per year over the next 20 years, with domestic China and intra-Asia markets expanding 6.7% and 6.5% per year, respectively.