Vietnam Airlines plans to send used passenger planes to Air Transport Services Group for conversion into cargo jets as it prepares to create a freighter division and capture more intra-Asia freight growth, the U.S.-based company disclosed Friday.
The small deal is noteworthy on two levels. It is another example of passenger airlines moving more aggressively to take advantage of cargo opportunities triggered by the pandemic. And it reinforces how ATSG, the largest lessor of freighter aircraft, is...