ONE side effect of the supply-chain turmoil across the globe is a boom in air freight, as demand for both consumer and industrial goods picks up and congestion shows the downside of full dependence on ocean shipping.
Attention will be focussed on the freight market when the world's air carriers, aerospace manufacturers, and leasing companies gather for the Dubai Airshow which started last Sunday.
airbus will be chasing customers for a cargo version of its A350 widebody passenger plane while Boeing will be chatting up airlines and leasing companies that are potential customers for an all-cargo version of its 777 widebody, which could also be officially launched during the confab if a big order can be cemented in time.
Freighters can quickly transport huge amounts of cargo while bypassing port bottlenecks, shortages of ocean containers and rail cars, and the current dearth of long-haul truck drivers. And aircraft owners are eager to add more of them to their fleets because the prospects for freight growth are encouraging.
Plane lessor Avolon Holdings, for example, forecasts air cargo revenue will reach US$150 billion this year, with traffic doubling over the next 20 years.
Both Airbus and Boeing could use these added sales at a time when the pandemic has slowed sales of passenger airliners. Yet there's no guarantee the demand will still be there when the new planes arrive in a few years, after supply-chain wrinkles are ironed out and travellers are once again trekking across the globe - with plenty of extra cargo space inside the bellies of the passenger planes they'll fly on, reports Bloomberg.
SeaNews Turkey
Attention will be focussed on the freight market when the world's air carriers, aerospace manufacturers, and leasing companies gather for the Dubai Airshow which started last Sunday.
airbus will be chasing customers for a cargo version of its A350 widebody passenger plane while Boeing will be chatting up airlines and leasing companies that are potential customers for an all-cargo version of its 777 widebody, which could also be officially launched during the confab if a big order can be cemented in time.
Freighters can quickly transport huge amounts of cargo while bypassing port bottlenecks, shortages of ocean containers and rail cars, and the current dearth of long-haul truck drivers. And aircraft owners are eager to add more of them to their fleets because the prospects for freight growth are encouraging.
Plane lessor Avolon Holdings, for example, forecasts air cargo revenue will reach US$150 billion this year, with traffic doubling over the next 20 years.
Both Airbus and Boeing could use these added sales at a time when the pandemic has slowed sales of passenger airliners. Yet there's no guarantee the demand will still be there when the new planes arrive in a few years, after supply-chain wrinkles are ironed out and travellers are once again trekking across the globe - with plenty of extra cargo space inside the bellies of the passenger planes they'll fly on, reports Bloomberg.
SeaNews Turkey
