THE ongoing war in the Ukraine is expected to further hurt the air cargo sector, reports the Cork Examiner.
The knock-on damage to the supply chains for the key high-value exporters of medical devices and pharmaceuticals in Ireland is expected.
Though, more damage is expected to Irish seafood companies, who depend on air freight to ensure fresh fish deliveries to customers.
A no-fly zone across Russian airspace is causing lengthy diversion by airlines moving goods from the EU to Asia.
In the process, fuel prices continue to soar.
The Russian airspace retaliation against the EU and US has forced major cargo airlines such as Atlas Air, DHL, FedEx and United Parcel Service (UPS) to take more extended routes, when moving goods from Ireland to key markets of China and Japan.
Recent data from the International Aviation Transport Association (IATA) shows 20 per cent of all international cargo volume in the past 12 months was on the Europe/Asia route.
Russian airlines have been banned from EU, UK and US airspace, including Aeroflot and Air Bridge Cargo.
These flight restrictions with soaring costs are expected to create significant increases in air freight rates.
SeaNews Turkey
The knock-on damage to the supply chains for the key high-value exporters of medical devices and pharmaceuticals in Ireland is expected.
Though, more damage is expected to Irish seafood companies, who depend on air freight to ensure fresh fish deliveries to customers.
A no-fly zone across Russian airspace is causing lengthy diversion by airlines moving goods from the EU to Asia.
In the process, fuel prices continue to soar.
The Russian airspace retaliation against the EU and US has forced major cargo airlines such as Atlas Air, DHL, FedEx and United Parcel Service (UPS) to take more extended routes, when moving goods from Ireland to key markets of China and Japan.
Recent data from the International Aviation Transport Association (IATA) shows 20 per cent of all international cargo volume in the past 12 months was on the Europe/Asia route.
Russian airlines have been banned from EU, UK and US airspace, including Aeroflot and Air Bridge Cargo.
These flight restrictions with soaring costs are expected to create significant increases in air freight rates.
SeaNews Turkey
