Air cargo growth accelerated in May, with 4.7 percent growth compared to a year ago, according to data from the International Air Transport Association (IATA). This is up from the 3.8 percent year-over-year growth recorded in April. Cargo volumes, measured by freight tonne kilometres (FTKs), were up across all regions. The acceleration of growth reflects […]
Boeing projects a demand for 36,770 new planes over the next 20 years, an increase of 4.2 percent from last year’s forecast. The company released its annual Current Market Outlook, estimating the total value of those new planes at US$5.2 trillion. “This market is strong and resilient,” Randy Tinseth, Vice President of Marketing, Boeing Commercial […]
Airbus and Boeing report that Asia-Pacific airlines will need a combined 23,760 airplanes delivered in the next 20 years. Boeing says strong economic and passenger growth will be the main drivers of new airplane demand in the Asia Pacific region.
Deputy Prime Minister and Minister for Infrastructure and Regional Development, Warren Truss, has announced that he has approved Sydney Airport’s 2014 Master Plan. Sydney Airport submitted the plan to the Deputy Prime Minister in December 2013.
According to the International Air Transport Association (IATA), cargo demand remains largely stagnant. Airlines are expected to have carried 51.6 million tonnes of cargo in 2013, a figure likely to increase to 52.5 million tonnes in 2014. This modest increase in demand is expected to be offset by a decline in yields (forecast to fall 2.1% […]
The International Air Transport Association (IATA) has announced an upward revision to its industry financial outlook. For 2013 airlines are expected to return a global net profit of US$12.9 billion. This is expected to improve to a net profit of US$19.7 billion in 2014. Both are improvements on the September forecast which anticipated an industry […]
Speak to us today to see how we can improve your business logistics, freight and customs related issues.