Modern Logistics is planning to execute a two-stage strategy to enter the Latin American and US air cargo markets.
The initial phase will expand Modern’s service to Colombia, Ecuador, Chile, Argentina, and Uruguay. This will take place in the third quarter of this year, according to the company’s chief executive Cristiano Koga.
The Brazilian integrated logistics company’s second phase will then target Mexico and the US within six to twelve months.
These expansion plans are being supported by Modern Logistics’ acquisition of two 737-800 Boeing Converted Freighters (BCFs).
Modern Logistics acquired its first 737-800BCF in October last year, which marked the first 737-800 ever within Brazil’s logistics industry.
The São Paulo-based company took delivery of its second 737-800BCF in March.
The two aircraft are expected to help Modern Logistics increase market share internationally, plus establish a facility in Miami.
Leased through Babcock & Brown Aircraft Management (BBAM), the 737-800BCFs have passed certification by PCA Airworthiness and have received final approval by ANAC, Brazil’s aviation regulator.
Koga stated: “We are very excited about the addition of two advanced aircraft to our fleet. The additional capacity and efficiency of the new aircraft will assure the future success of the company by hastening entry into international markets and better responding to the needs and requirements of our clients.”