Core Insights - The Chinese air cargo industry is experiencing significant growth driven by policies aimed at enhancing international air cargo capabilities, ensuring supply chain stability, and reducing logistics costs [2] - The performance of air cargo companies has outpaced passenger transport, with notable increases in fleet size and route networks [2][3] Industry Performance - In the first half of 2025, China's air cargo transport volume reached 4.784 million tons, a year-on-year increase of 14.6%, with international routes showing a remarkable growth of 23.4% [4] - The total number of international cargo routes increased by 58.1% year-on-year, with 117 new routes added, primarily in Asia and Europe [6] Company Developments - China International Cargo Airlines (China Cargo) reported a revenue of 10.935 billion yuan, up 21.92%, and a net profit of 1.240 billion yuan, up 86.15% in the first half of 2025 [3] - SF Airlines, under SF Express, has expanded its fleet to 90 aircraft and launched a new international route connecting Ezhou, Miami, and Shenzhen [5] Fleet Expansion - The demand for air cargo has led to an increase in the number of cargo aircraft, with companies like JD Airlines and SF Airlines actively expanding their fleets and networks [7][8] - The introduction of wide-body freighters, such as the Boeing 777F, is becoming more common among Chinese airlines, enhancing long-haul cargo capabilities [4][9] Aircraft Modification and Manufacturing - The trend of converting retired passenger aircraft into freighters is prevalent, with companies like Shandong Airlines leading in the modification of Boeing 737-800BCF models [8] - Airbus is also expanding its presence in the cargo market by offering conversion services for its A330 and A320 series aircraft in China [9][10]

转自：新华财经 在客机腹舱运力有限、跨境电商快递迅猛发展的背景下，8月8日，山东航空集团（以下简称山航集团） 与波音公司在山东太古飞机工程有限公司（STAECO，以下简称山东太古）举办波音737-800客改货机 交付仪式。第五架改装货机的交付，不仅是山东航空货运机队的重要扩充，同时也是波音公司在中国完 成的第50架同型号货机。 山东太古飞机工程有限公司商务部负责人介绍，山航此架飞机与另一架飞机同时上线改装，历时78天， 比承诺交付周期提前了12天。 将服役时间较长的客机改装为全货机，可快速增强航空货运能力。为满足全球市场对高质量"客改货"服 务持续增长的需求，作为山航集团机务产业的成员企业，山东太古积极配合驻地机场扩建，2024年顺利 实现设施升级和转场。新厂区建筑面积达16.9万平方米，规划有4组机库群共24条现代化的飞机大修和 客改货线位，配备50个C类停机位，为飞机维修改装工程一站式服务提供更加充分的硬件保障和技术人 力储备。 自2018年启动首架波音客改货项目以来，山东太古凭借卓越的改装技术、严格的品质管控和高效的运营 管理，目前已成为波音737-800客改货项目的重要基地，山东太古提供了波音737- ...