UPS and Boeing entered into a new deal for eight 767-300F freighters on Monday. With the new order, the cargo airline will have a fleet of 108 jets of the model.
As has been commonplace, the agreement was motivated by the expansion of e-commerce, accelerated during the Covid-19 pandemic. According to IATA, global air cargo revenue more than doubled between 2019 and 2021.
“The additional 767s will help us continue to deliver what matters to UPS customers around the world. This is a very versatile aircraft that we operate across every region of the globe,” said UPS Executive Vice President and President U.S. Nando Cesarone.
“With these aircraft, our fleet will continue to be among the most modern in our industry, meeting our customers’ needs while improving our efficiency, sustainability and reliability.”
The new UPS 767-300Fs will be delivered starting in 2025 and complement an order placed in December 2021 for 19 new similar aircraft. Boeing also confirmed that the US airline will receive a 767-300 BCF (Boeing Converted Freighter) in late 2023.
UPS was the launch customer for the 767 Freighter in 1995, which is capable of carrying 52.4 tons of cargo. The aircraft, however, will no longer be able to be produced from 2028 for environmental reasons. Boeing has yet to reveal a replacement model.