What Happened
Stable Air Cargo Growth Drives Demand for New Aircraft
Airbus has released its latest 20-year forecast for air cargo, predicting a 46% increase in the global freighter fleet by 2045. The manufacturer expects 970 factory-built freighters to be required over the next 20 years, with air cargo traffic growth expected to be 3.2% per year. The forecast is based on economists’ predictions for global trade to continue growing at a steady pace. This was reported by FreightWaves.