Monday, June 15, 2015

New Freighters Sold at Paris Air Show as Cargo Traffic Predicted to Grow

Boeing Maintains its Control of Much of the Airfreight Market
Shipping News Feature

FRANCE – US – TAIWAN – With the beginning of the Paris Air Show this week it seems Boeing has started with a bang, besides various passenger plane orders the US manufacturer has announced that EVA Airways intends to purchase five 777 Freighters. The commitment, valued at more than $1.5 billion at list prices, represents the first 777 Freighters to join EVA's fleet. The big news for all makers this year is that the US military are back after an absence last year, but cargo plane orders such as this one are a steady earner for the likes of Boeing and Airbus Industries.

The Taiwanese airline plans to use the new cargo carriers to bolster its fleet in an effort to meet growing demand in the air cargo market and the 777 is ideally suited being the world’s longest range twin-engine freighter. According to Boeing World Air Cargo’s own forecast, global air freight traffic is predicted to grow at an annual rate of 4.7% over the next 20 years thus doubling the size of the market in that time and the company currently claims over 90% of the world’s total dedicated freighter capacity. Speaking of this latest order Boeing Commercial Airplanes President and CEO Ray Conner said:

"EVA Airways has been a loyal Boeing 777 customer for many years and we are honoured that they have selected the 777 Freighter to join their fleet. This agreement demonstrates the unrivalled efficiency and value of the 777 Freighter and we look forward to finalizing this order to further extend our strong partnership."