The China air express market is forecast to be among the fastest growing segments of the world air cargo market. According to the Boeing World Air Cargo Forecast, world air cargo traffic will grow 4.7 per cent per year over the next 20 years, with domestic China and intra-Asia markets expanding 6.7 per cent and 6.5 per cent per year, respectively.
“With its express market growing at a double-digit rate fueled by e-commerce, China has surpassed the United States to become the number one e-commerce market in the world,” said Ihssane Mounir, senior vice president, Northeast Asia sales, Boeing Commercial Airplanes.
China Postal Airlines operates express mail and cargo transport services mainly for China Post to over 300 domestic destinations and in 2006 introduced international scheduled services to South Korea and Japan. From January 2007 international cargo charter services were added. The carrier is owned by Chinese Postal Bureau (51per cent) and China Southern Airlines (49 per cent) and has its main hub at Nanjing Lukou International Airport. Its current fleet consists of 12 B737-300Fs, two B737-300QC, eight B737-400F and four B757-200F.