Thursday, June 16, 2011

Boeing Gives Predictions on Future Air Freight Fleet

Project Increase in Traffic Over Next Twenty Years
Shipping News Feature

WORLDWIDE – Aircraft manufacturer Boeing has issued projections on the next twenty years for the aircraft fleets of the world. In total, they believe that the world air freighter fleet will increase from 1,760 to 3,500 airplanes.

Additions to the fleet will include 970 new-production freighters, at a market value of $250 billion, and 1,990 airplanes converted from passenger models. Large (more than 80 tonnes capacity) freighters will account for 690 new-build airplanes. Medium (40 to 80 tonnes) freighters will total 280 airplanes. No new standard-body freighters (less than 45 tonnes capacity) will be required, but there will be 1,240 standard-body conversions.

They also predict that on average over the next 20 years air cargo traffic will grow at a rate of 5.6 percent.

According to the Boeing 2011 Current Market Outlook (CMO), the company's annual commercial aviation market analysis, the total market for new aircraft will total some 33,500 new passenger airplanes and freighters between 2011 and 2030, with an order value of $4 trillion.

"The world market has recovered and is now expanding at a significant rate," said Randy Tinseth, vice president of Marketing, Boeing Commercial Airplanes. "Not only is there a strong demand for air travel and new airplanes today, but the fundamental drivers of air travel – including economic growth, world trade and liberalization – all point to a healthy long-term demand."