What Happened
European Aerospace Giant Predicts Strong Growth in Air Cargo
Airbus has released its latest Cargo Global Market Forecast, predicting that North America will drive demand for freighter aircraft over the next 20 years. The region is expected to require 925 freighters, closely followed by the Asia-Pacific region with 850. The global freighter fleet is forecasted to increase by 46% by 2045, with 2,670 aircraft needed to replace older models and support growth. According to Airbus, air cargo traffic is expected to grow at 3.2% annually over the next two decades, driven by the growth of e-commerce and the need for quick routes to market. This forecast was reported by AeroTime.