Boeing Releases Air Cargo Forecast

Boeing’s World Air Cargo Forecast 2006/2007 has predicted that the worldwide freighter fleet will increase to 3563 airplanes in 2025 from the current 1789.
A total of 2983 freighters are expected to join the global fleet during the 2006-2025 period, 1209 as replacements for retired aircraft and 1774 to add new capacity. Around 2,217 airplanes will come from passenger to freighter modifications, while 766 will be new production freighters.
Widebody planes, Boeing predicts, will grow to represent 64% of the fleet, compared to 50% now, and represent more than 90% of total freighter capacity.
Boeing also predicted that world air cargo traffic (freight and mail) will grow at an average annual rate of 6.1% over the 2006-2005 period. Asia will continue to lead the way, with domestic China and intra-Asia markets expanding at 10.8% and 8.6% per year, respectively.
The year 2005 saw worldwide air cargo traffic grow just 2.0% year on year, following 12.0% growth in 2004. In the first six months of 2006, worldwide air cargo traffic grew 3.1% over the same period in 2005.

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