New Zealand-based aviation company Airwork is expanding its fixed-wing fleet, adding 10 Boeing 757s after a $100 million capital injection from new owners Rifa.

Two 757s have already been converted to freight aircraft and delivered to new offshore customers, while the conversion of the remaining eight aircraft will be completed during the next 18 months.

The expansion is part of a big global growth strategy.

It comes amid soft growth in the international air freight sector for most of this year, but Airwork says the e-commerce market is boosting demand for its business, significantly lifting future revenue


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The global outlook for freight