http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 17.05Change: 0.09
R/$ = 14.89Change: 0.03
Au 1276.68 $/ozChange: -1.44
Pt 1059.00 $/ozChange: 4.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 03, 2012

Boeing forecasts airfreight to grow strongly over next two decades

Back
Aircraft|Business|Efficiency|Industrial|The Boeing|United States|Aerospace|Gross Domestic Product|Product|Service|Supply Chains|Tom Crabtree|Boeing 747
Aircraft|Business|Efficiency|Industrial|||Service|||
aircraft|business|efficiency|industrial|the-boeing|united-states|aerospace|gross-domestic-product|product|service|supply-chains|tom-crabtree|boeing-747



Giant US aerospace group Boeing predicted on Tuesday, in the latest (2012/2013) edition of its biennial Boeing World Air Cargo Forecast, that the world’s gross domestic product (GDP) will nearly double over the next 20 years, driving strong growth in the global air freight market. This will result in an 84% increase in the number of cargo aircraft in service between now and 2031.

“Current industry uncertainty has brought a disparity of viewpoint concerning the future of the air cargo business, but economic activity – particularly world gross domestic product and industrial production – remains the key driver of the air cargo market,” stated Boeing Commercial Airplanes business development and strategic integration regional director Tom Crabtree.

Although air freight saw a recovery in 2010, this was followed by a slight decline in 2011, a decline which has continued, to date, in 2012. However, Boeing expects this decline, and the wider economic uncertainty underlying it, to continue only in the near-term.

“Over the long term, indicators such as GDP growth at 3.2% and the need for greater operational efficiency will prevail in the marketplace,” he affirmed. “Air cargo is and will continue to be a vital tool for global business and commerce in the management of supply chains and bringing critical goods to market.” Over the 20-year forecast period, the group sees global air cargo growing at an average annual rate of 5.2%.

In consequence, the world cargo aircraft fleet will grow from the current level of 1 738 to 3 198 by 2031. Of the 2031 total, 36% will be large freighters such as the Boeing 747 and 777 – today, such aircraft account for 31% of the global air freighter fleet. Increased use of larger aircraft will allow operators to manage the increase in traffic without having to increase the sizes of their fleets by an equivalent percentage.

Of the new freighter aircraft that will enter service over the next 20 years, 935 will be new-build aeroplanes (worth $250-billion), but 66% of the fleet (1 820 aircraft) will come from cargo conversions of existing passenger aircraft. A number of these aircraft will, of course, replace existing freighter aircraft.
 

Edited by: Creamer Media Reporter

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
 
Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Trade News
Mzwandile Masina
The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12.   Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and...
One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the...
NO GROWING PAINS Chryso SA CEO Norman Seymore explains his company's continued growth despite depressed market conditions
Construction chemicals producer Chryso Southern Africa continues to innovate and expand, offsetting the decrease in major civil projects. Chryso Group VP and Chryso South Africa (SA) CEO Norman Seymore notes that, aside from a few high-profile building projects in...
More
 
 
Latest News
David Hughes
Updated 44 minutes ago In a bruised domestic market scrambling for volume, Mazda Southern Africa is having a Zen moment. Mazda sales in South Africa reached 9 066 units in 2015, almost double the 4 939 units sold in 2014 – this in a new-vehicle market that dipped 4.2% last year compared...
Updated 1 hour 38 minutes ago Thousands of workers at the cash-strapped South African Post Office (SAPO) will embark on a two day strike on Thursday and Friday over unresolved labour matters and demands for salary increments. The members of Cosatu affiliate, Communication Workers Union (CWU),...
Updated 2 hours ago South African National Roads Agency CEO on Wednesday said the backlog of maintenance and road networks was sitting at R197-billion, up from R149-billionn in 2010. CEO Nazir Alli was addressing the business sector at the Beverly Hills Hotel in Umhlanga. He said...
More
 
 
Recent Research Reports
Energy Roundup – May 2016 (PDF Report)
The May 2016 roundup covers activities across South Africa for April 2016 and includes details of the National Energy Regulator of South Africa’s proposal to introduce a coal benchmark cost as part of its final decision on Eskom’s multiyear price determination...
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
 
 
 
 
 
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
DOROS HADJIZENONOS The 700-series devices provide network security monitoring, app control, URL filtering, VPN security, antivirus, antispam, antibot, and advanced intrusion prevention and detection functionality
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $149 Close
Subscribe Now for $149