Jetrader - Summer 2018 - 19

Source: IATA

MARIAKRAYNOVA/SHUTTERSTOCK.COM

Fig. 1

As indicated in Fig. 1, demand and supply of air freight capacity have tracked
closely until 2017 when demand grew and
supply shrank. In addition, airfreight load
factors have trended higher, indicating a
scarcity of supply and a requirement for
additional aircraft.
During this period of air freight growth,
operators introduced new aircraft into
their fleets. As indicated in Fig.  2, 250

Source: Ascend

Fig. 2

production freighters were delivered as
well as 389 conversions, an amount that
is significantly higher than the previous
five-year period.
While it would appear that operators
are adding capacity to keep up with the
additional demand, that is simply not the
case. During this same period, almost
600 freighters were retired. As shown in
Fig. 3, the net narrowbody freighter fleet

increased only by 13 units between 2012
and 2017 (691 and 704, respectively).
Instead of adding aircraft for growth,
operators were modernizing their fleets.
In 2012, first generation freighters (DC8s,
DC9s, 727s and 737-200s) made up almost
60 percent of the fleet. By 2017, first generation freighters composed only 21 percent of the fleet, having been replaced by
737-300s and 400s, as well as 757s.
Jetrader * Summer 2018 19



Jetrader - Summer 2018

Table of Contents for the Digital Edition of Jetrader - Summer 2018

A Message from the President: Douglas W. Runte, CFA
Calendar/News
Q&A: Fred Cromer, President, Bombardier Commercial Aircraft
Freighter Market — New Paradigm or Irrational Exuberance?
Sunny Skies and A Bright Future
Upward Momentum
Aviation Insights Q&A: Peter Chang, President and CEO, CDB Aviation
ISTAT Appraisers’ Program Update — What’s on the Horizon for the IAP?
ISTAT Always Welcomes the Media
From the ISTAT Photo Archives: ISTAT Asia Over the Years
Aviation History: The Boeing B-47 Stratojet – Grandfather of the 707
Aircraft Appraisals: Airbus A330-200/Boeing 777-300ER
From the ISTAT Foundation: A Day in the Life: Supporting Airdrops in South Sudan
Advertiser Index
Advertiser.com
Jetrader - Summer 2018 - intro
Jetrader - Summer 2018 - cover1
Jetrader - Summer 2018 - cover2
Jetrader - Summer 2018 - 3
Jetrader - Summer 2018 - 4
Jetrader - Summer 2018 - A Message from the President: Douglas W. Runte, CFA
Jetrader - Summer 2018 - 6
Jetrader - Summer 2018 - 7
Jetrader - Summer 2018 - 8
Jetrader - Summer 2018 - 9
Jetrader - Summer 2018 - Calendar/News
Jetrader - Summer 2018 - 11
Jetrader - Summer 2018 - Q&A: Fred Cromer, President, Bombardier Commercial Aircraft
Jetrader - Summer 2018 - 13
Jetrader - Summer 2018 - 14
Jetrader - Summer 2018 - 15
Jetrader - Summer 2018 - 16
Jetrader - Summer 2018 - 17
Jetrader - Summer 2018 - Freighter Market — New Paradigm or Irrational Exuberance?
Jetrader - Summer 2018 - 19
Jetrader - Summer 2018 - 20
Jetrader - Summer 2018 - 21
Jetrader - Summer 2018 - 22
Jetrader - Summer 2018 - 23
Jetrader - Summer 2018 - 24
Jetrader - Summer 2018 - 25
Jetrader - Summer 2018 - Sunny Skies and A Bright Future
Jetrader - Summer 2018 - 27
Jetrader - Summer 2018 - 28
Jetrader - Summer 2018 - 29
Jetrader - Summer 2018 - 30
Jetrader - Summer 2018 - 31
Jetrader - Summer 2018 - 32
Jetrader - Summer 2018 - 33
Jetrader - Summer 2018 - Upward Momentum
Jetrader - Summer 2018 - 35
Jetrader - Summer 2018 - 36
Jetrader - Summer 2018 - 37
Jetrader - Summer 2018 - 38
Jetrader - Summer 2018 - 39
Jetrader - Summer 2018 - Aviation Insights Q&A: Peter Chang, President and CEO, CDB Aviation
Jetrader - Summer 2018 - 41
Jetrader - Summer 2018 - 42
Jetrader - Summer 2018 - 43
Jetrader - Summer 2018 - ISTAT Appraisers’ Program Update — What’s on the Horizon for the IAP?
Jetrader - Summer 2018 - 45
Jetrader - Summer 2018 - ISTAT Always Welcomes the Media
Jetrader - Summer 2018 - From the ISTAT Photo Archives: ISTAT Asia Over the Years
Jetrader - Summer 2018 - Aviation History: The Boeing B-47 Stratojet – Grandfather of the 707
Jetrader - Summer 2018 - 49
Jetrader - Summer 2018 - 50
Jetrader - Summer 2018 - 51
Jetrader - Summer 2018 - 52
Jetrader - Summer 2018 - Aircraft Appraisals: Airbus A330-200/Boeing 777-300ER
Jetrader - Summer 2018 - 54
Jetrader - Summer 2018 - From the ISTAT Foundation: A Day in the Life: Supporting Airdrops in South Sudan
Jetrader - Summer 2018 - 56
Jetrader - Summer 2018 - Advertiser Index
Jetrader - Summer 2018 - Advertiser.com
Jetrader - Summer 2018 - cover3
Jetrader - Summer 2018 - cover4
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