Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Cargo
Boeing air cargo forecast >

Boeing air cargo forecast

Notices
Cargo Part 121 cargo airlines

Boeing air cargo forecast

Old 09-14-2005, 10:35 PM
  #1  
Gets Weekends Off
Thread Starter
 
Freighter Captain's Avatar
 
Joined APC: May 2005
Position: -400 CAPT
Posts: 483
Default Boeing air cargo forecast

LATEST NEWS

Puget Sound Business Journal (Seattle) - 1:12 PM PDT Wednesday

Boeing's air cargo forecast remains bright

The Boeing Co. said the world's fleet of cargo planes will more than double over the next 20 years, as the air freight industry completes its emergence from the Sept. 11, 2001, terrorist attacks.

Boeing's (NYSE: BA) market outlook report, released Wednesday, indicates that the cargo fleet will add 2,870 new planes by 2024, while 1,100 of the planes will be retired. The resulting net gain of 1,770 planes brings the total worldwide fleet to 3,530 airplanes, Boeing said.

"The overall forecast is slightly higher than last year's forecast, with about 100 more airplanes entering the fleet than we projected previously," said Jim Edgar, regional director of cargo marketing in Asia. "Carriers also are looking increasingly to large freighters, especially the 747 and 777 models, for optimal efficiency and range."

The higher demand for Boeing's wide-body jets is especially good news for the Boeing factory in Everett, where all of those models are assembled.

The report said the share of wide-body freighters is expected to increase to 64 percent of the fleet, compared to 47 percent currently. About 60 percent of the freighters that will be added to the fleet will be wide-body airplanes, officials said.

"We continue to note that the strongest growth will be associated with Asia," said Tom Hoang, Boeing regional director of cargo marketing in the Americas and China. "China, in particular, is an area where the air cargo industry, while still young, is poised for high growth rates -- in the range of 10 percent per year."

Boeing said it provides more than 90 percent of the world's air freighter capacity, and expects that percentage to remain stable as most conversions will be for larger Boeing planes.
Freighter Captain is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
Freighter Captain
Major
24
02-03-2008 08:59 PM
Oscar13601
Cargo
23
09-06-2006 07:12 AM
Freight Dog
Cargo
1
05-21-2006 09:27 AM
Sasquatch
Cargo
4
05-03-2006 11:33 PM
captain_drew
Hangar Talk
0
12-30-2005 07:03 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Thread Tools
Search this Thread
Your Privacy Choices