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Why Converting Passenger Planes To Cargo Jets Costs Millions

With the demand for converting retired passenger planes into cargo haulers surging, this lucrative trend allows these older jets to serve a new mission, transporting goods ranging from produce to pharmaceuticals worldwide. Despite the high cost of over $30 million per plane, the business of converting planes remains in high demand, with conversion slots sold out for several years. Chapters: 00:00 — Introduction 01:45 — Increase in demand 04:09 — How it works 05:47 — Cargo outlook Produced by: Leslie Josephs Edited by: Liam Mays Additional Camera: Tim Fadek Supervising Producer: Jeniece Pettitt Senior Producer — Post Production: Erin Black Additional Footage: Amazon, Jim Wilson Photography, Getty Images, Boeing » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Why Converting Passenger Planes To Cargo Jets Costs Millions