Global aviation market will need more than 2,650 new and converted cargo aircraft

Cargo aircraftOver the next two decades, the global aviation market will need more than 2,650 new and converted cargo aircraft to meet global demand, according to the estimate of the US aircraft manufacturer Boeing.
 
“980 new medium and large cargo aircraft and 1,670 converted cargo aircraft will replace a number of old airplanes and lead to the expansion of the fleet, which will satisfy global demand”, says the World Air Cargo Forecast, prepared by Boeing. In general, Boeing expects the expansion of the global fleet of cargo aircraft by more than 70% – up to 3,260 aircraft from the current 1,870.
 
According to the company’s forecasts, over the next 20 years, the volume of air cargo in the world will increase by 4.2% annually. The main factors contributing to this growth will be the growing market in China and the popularity of online trading.
 
According to the International Air Transport Association (IATA), the growth in the volume of air cargo in the world by the end of 2017 accelerated to 9% compared with 2016, which was the highest figure since 2010.