Boeing has released its World Air Cargo Forecast showing that air cargo has rebounded in 2014 and is expected to grow at an average annual rate of 4.7 per cent over the next 20 years — more than doubling. “We see strong signs of a recovery as air freight traffic levels continue to strengthen after several years of stagnation,” says Boeing Commercial Airplanes Vice President for Marketing Randy Tinseth. “The air cargo market is now growing at nearly the long-term rates.”
Intra-Europe air cargo is expected to increase 2 per cent per year, while Europe-to-North America grows at 3.1 per cent. Asia represents a major growth opportunity for European air cargo, with Europe-to-East Asia forecast to expand at 5.1 per cent per year, Europe-to-South Asia forecast at 4.7 per cent, and Europe-to-Middle East at 4 percent.
Other promising growth areas for European air cargo include the Latin America-to-Europe corridors — already a fast-growing zone — with growth forecast at 4.8 per cent, as well as Europe-to-Africa, with expected growth of 4.3 per cent.
This growth in air cargo, along with projected growth in passenger travel, will require effective policy implementation of the European Union’s goals for the Single European Sky and SESAR — which will improve environmental efficiency while boosting throughput — as well as increased sustainability in fuels and technology. Boeing is strongly committed to sustainable growth of aviation through its investments in second-generation aviation biofuels and advanced aerospace technology.
This blog provides a platform for dialogue on aviation matters bringing together the EU policy makers with our industry partners to further support a European aerospace agenda focused on enabling air transport growth in Europe.
About: The Aviation Blog
This blog is to provide a platform for dialogue on aviation matters bringing together the EU policy makers with our industry partners to further support a European aerospace agenda focused on enabling sustainable air transport growth in Europe.
Aviation is a key sector in the global economy. It is an essential part of modern life; it helps drive economic growth and prosperity and brings people of the world closer together. But beyond fuelling economic growth and mobility, the aerospace industry is strategically important because of the high technological content of the products created, the large investment in research and technology and the creation of high skilled employment. The role that EU policies can play in unleashing the full potential of aviation is strategic and substantial, whether that is environmentally progressive air transport, safe and efficient air traffic systems, a more efficient infrastructure and sustainable aviation biofuels.
Boeing recognises the serious challenges facing our ecosystem and is committed to improving the environmental performance of its operations, products and services. Our greatest contribution to meeting the challenge is to pioneer new technologies for environmentally progressive products and services and to design, develop and build them in an environmentally progressive manner.
We believe that together we can and should promote, define and support a new comprehensive aviation policy framework for Europe that by balancing sustainability with growth and safety can put aviation again at the centre of the policy debate and ensure the region can strategically use the positive potential of air transport for the years to come.