Air cargo will grow by an average of 5.2 percent annually over the next 20 years, according to Boeing. The U.S. airframer’s World Cargo Forecast 2012/13, published on October 3, predicts that the global freighter fleet will expand to nearly 3,200 aircraft by 2031. Boeing’s forecast is based on the assumption that worldwide gross domestic product will nearly double over the 20-year forecast period.
Air Hong Kong
China’s red-hot air cargo export market is expected to cool somewhat this year, but domestic demand for new freighters is projected to take off. That was the consensus from last week’s Airfreight Asia conference, held in Shanghai. During the event, EADS-EFW and China Eastern Airlines signed a deal to convert three A300-600s to freighter configuration, with more to come.