Canada-based Cargojet has taken delivery of its first narrowbody freighter of the year with a freshly converted 757-200PCF.
The carrier acquired the 1999-vintage unit 28836 (ex-TUI Airways) from BlackRock on May 2 [FATs 007501-7502]. The 757 arrived in Hamilton (YHM) May 1 after being ferried from conversion with Precision Aircraft Solutions at the HAECO facility in Xiamen (XMN), where it had been since October 2021.
Unit 28836 joins nine other 757-200PCFs powered by Rolls-Royce RB211 engines in the Cargojet fleet, with an average age of 29.9 years. Cargojet plans to grow to fifteen 757s by the end of 2023; it has already signed agreements for the purchase and conversion of five more 757-200s, according to management’s discussion and analysis of the company’s first-quarter results, released May 2.
Four of these are expected to join by yearend, with the final unit in the fourth quarter of 2023. One of these is the 2000-vintage unit 29379, which is also owned by BlackRock and which arrived at XMN in February, while another is the 1987-vintage unit 22690, previously operated by the Mexican Air Force.
When BlackRock committed to its 757 conversion slots, it told Cargo Facts that it did so on a speculative basis, without signed customers.
Cargojet, which is adding more 757s to free up its widebody aircraft for international use, reported that its Q1 revenue had increased by 46% year over year.
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