Sep
20th

China’s Flourishing Air Cargo Sector

Files under Transports Company | Posted by Trucknews

China's flourishing Air Cargo Sector is set to expand significantly by 2026Fuelled by a 10 per cent annual growth rate, China’s flourishing air cargo industry is set to spark fierce rivalry between cargo aircraft manufacturers over the coming 20 years. As described on the 19th September by China Aviation Industry Corporation I (AVIC I), the current rate of expansion will lead to the need for 568 freight aircraft to be in service by 2026. This represents a more-than-ten-fold increase over the present air cargo fleet level.  

According to AVIC I – among the foremost aircraft manufacturing firms in China – at the end of 2006, Cargo airlines there operated a total of 46 freight aircraft. For the future, said Liao Quanwang: “China’s air cargo market will maintain an annual growth rate of 10.5 percent in the next two decades, which is slightly higher than the growth rate of the passenger transport market." He added that China’s buoyant international trade was driving this expansion.

Mr Liao also highlighted how the focus placed by China on modernising its overseas trade procedures – with additional emphasis on the export of modern technology – would also affect the air cargo sector in a positive way.

Mr Liao is the Aviation Industry Development Research Center of China’s Vice President. This group is an affiliate of AVIC I.

Based on the potential offered by the future of air cargo in China, the world’s most prominent aircraft manufacturers are keen to promote their products. Airbus – dominating the civil aviation headlines at the moment with the imminent entry into service of the A-380 “superjumboâ€? – is offering a freighter version of its A-330. At the recent Aviation Expo/China 2007 exhibition, the group brought along a scale model of the projected A-330-200F. With deliveries of the new aircraft set to commence in two years time, by August 2007, the order book stood at 66 examples.

According to the US manufacturer Boeing, the air cargo sector in China will maintain its place amongst the world’s elite over the next 20 years. It projects, by 2026, a four-times increase in the number of cargo aircraft operated.

Source – Freight International Far East Correspondent

Further Resources – Products and Services:

Companies Supplying Air Cargo



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