A small all-cargo airline is taking a unique approach to add capacity without the risk of ownership by entering a joint venture with a leasing company for passenger aircraft with the seats removed and contracting with a third-party carrier to fly shipments on its behalf.
21 Air, based in Greensboro, North Carolina, has been flying under its own license for four years. It owns and operates two Boeing 767-200 converted cargo planes with a 42-ton payload.
Like any small business, it faces the...
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