Boeing says 2011 cargo-led recovery in air traffic

The Boeing Company expects global airline traffic – led by air cargo – to recover in 2011 with a return to growth in demand for aircraft in 2012, according to Boeing Commercial Airplanes VP for marketing, Randy Tinseth, speaking at Asian Aerospace in Hong Kong last month. He added that 2010 will be characterised as […]


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The Boeing Company expects global airline traffic – led by air cargo – to recover in 2011 with a return to growth in demand for aircraft in 2012, according to Boeing Commercial Airplanes VP for marketing, Randy Tinseth, speaking at Asian Aerospace in Hong Kong last month. He added that 2010 will be characterised as the year that carrier traffic declines moderated.

Tinseth said that between now and 2028, the Asia-Pacific air travel market will grow from a 32 per cent share of the world market to 41 per cent – “it will be the future of aviation,” he added. This growth will see a demand for 8,160 aircraft worth US$1.13 trillion, in part driven by the success low cost carriers are and will enjoy in the market.

Cargo growth over the period will average 5.4 per cent – revised downward from the earlier forecast 5.8 per cent growth – and will create a demand for 710 new freighters in the Asia Pacific region (3,250 freighters globally) according to Jim Edgar, regional director Cargo Marketing at Boeing Commercial Airplanes.

For the region, nearly 70 per cent of the cargo aircraft will be production freighters, worth US$170 billion – predominantly large intercontinental freighters – with theremainder being conversions.