Air Partner sees creeping air cargo recovery
Global charter specialist Air Partner sees a continuing slow recovery for the air freight market which it says is mirrored by the charter business.
July 1, 2014
Global charter specialist Air Partner sees a continuing slow recovery for the air freight market which it says is mirrored by the charter business. Richard Smith, Air Partner’s product director for freight, said “there have been some improvements but continued overcapacity in the scheduled arena means that demand for some charter activity is relatively weak. When demand for air freight improves more strongly, we do see opportunities for charter providers to plug capacity gaps and deliver bespoke logistics solutions to meet those needs that scheduled capacity cannot.”
“We have seen improvement in demand in the oil and gas sector; as reported, activity in the first quarter of 2014 has been good. Most of this is the emergency movement of spares and equipment to exploration and production sites in challenging territories such as Nigeria, Tanzania and offshore Morocco.
We anticipate sector demand for charter continuing into H2, as high oil prices continue to drive growth in exploration activity in more difficult geographies.”
Smith noted the company is continuing to build on the success of its premium Time Critical offering, which has largely facilitated the movement of automotive spares, aircraft components and oil and gas equipment. “We expect Time Critical to continue gaining traction throughout 2014,” he added.