Airbus forecast growth of 4.8% for the next 20 years in the global air cargo market after years of struggling to recover from the global financial crisis. The growth is mainly fueled by higher freight demand from freighters from emerging markets, especially China and the Asia Pacific.
“The rise in traffic will help raise the world’s freighter fleet to 2,905 planes by 2032, up from 1,645 today, says Airbus, which expects demand for 871 newly-built freighters during the 20-year period. (www.4-traders.com)”
“Recent years have not been very kind to air cargo,” said Andreas Hermann, head of freighters at Airbus. “We are not yet over the crisis, but there are now signs that world trade is improving again.”(www.nytimes.com)
“Airbus, which has just a 20% share of the world’s freighter fleet with the rest held mainly by rival Boeing Co. (BA), says it believes demand for mid-sized freighters will increase substantially to meet growth in the intra-Asia air cargo market.” (www.4-traders.com)
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