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Cleared For Takeoff
What a difference two years make. When ATW last reviewed the market potential for passenger-to-freighter conversion programs (9/02, p. 48), airfreight was just beginning to claw back from its most severe contraction since the early 1970s. The winding down of high-priority Y2K-related technology shipments, followed by the bursting of the dot.com and telecom bubbles and then 9/11, resulted in world airfreight traffic (FTKs) falling 6.6% in 2001, according to Arlington, Va.-based MergeGlobal.