A severe global recession. A precipitous drop in worldwide air cargo traffic. Numerous freighter aircraft parked in the desert. Significant delays in the 787 program forcing airlines to hold onto older passenger aircraft they had intended to retire. Tight aircraft financing. These ingredients do not make for a muscular passenger-to-freighter conversion market and, as a result, aircraft conversion providers were left largely standing on the sidelines over the last couple of years. With ...

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