BEIJING: December 15, 2015. China Postal Airlines (CPA) joins Hangzhou-based YTO Airlines as the launch customers for Boeing's Next-Generation 737 freighter conversion program.
The CPA order of 10 737-800 BCF aircraft - plus seven B757-200s that the airline plans to convert into freighters - marks the largest purchase order in the airline's history. Terms of the deal were not released. The Beijing-headquartered company currently operates 14 B737-300s, eight B737-400s and four leased B757 freighters.
"This is a historic order both for China Postal and Boeing," said Yufeng Li, president of CPA. The 737-800 BCF will bring to our freighter fleet more advanced avionics, better fuel efficiency and lower operating costs that will ensure China Postal's continued success as a leader in the industry."
Boeing expects China's express market to be one of the world's fastest growing air cargo segments over the next two decades as domestic China and intra-Asia markets expand 6.7 percent and 6.5 percent per annum respectively.
"With its express market growing at a double-digit rate fueled by e-commerce, China has surpassed the United States to become the number one e-commerce market in the world," said Ihssane Mounir, senior vice president, Northeast Asia Sales, Boeing Commercial Airplanes.
Rick Anderson, vice president, Sales and Marketing, Boeing Commercial Aviation Services added: "We are committed to this program, which addresses a growing need in the market, and are currently working closely with multiple customers in China and around the world."