US aircraft manufacturer, Boeing, predicts China will demand 200 new air cargo freighters and 470 converted freighters over the coming two decades, according to a senior Boeing official based in Beijing
US aircraft manufacturer, Boeing, predicts China will demand 200 new air cargo freighters and 470 converted freighters over the coming two decades, according to a senior Boeing official based in Beijing. The US aircraft manufacturer also forecasts China's fleet of air cargo freighters will expand from 180 in 2017 to 740 by 2037.
'Demand for air cargo freighters is expected to expand exponentially thanks to China owning the world's fastest growing e-commerce industry,' Boeing vice president of commercial marketing Randy Tinseth was quoted as saying in a Xinhua report.
According to Mr Tinseth, China's e-commerce market has the highest trading scale in the world, giving China's cargo transportation market enormous developmental potential.
Just eight years ago the market size of e-commerce in China was only half of that in the US. Now its market size in China is twice that of the US, highlighted Mr Tinseth.
China has recorded strong growth in its air express industry. In 2017 the country transported 7.06 million tonnes of airmail, a 5.6 per cent increase year on year, according to statistics from the Civil Aviation Administration of China (CC).
