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Expansion for air cargo market

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The global air cargo market will continue its growth patterns of the past few years, with strong 20-year growth, according to the Current Market Outlook 2006 from Boeing.

The global air cargo market will continue its growth patterns of the past few years, with strong 20-year growth, according to the

(CMO) 2006 from

.

According to Boeing, this pattern will lead to a doubling of the world freighter fleet from 1,789 to 3,563 airplanes, both numbers slightly up from the previous forecast.

This growth, accounting for expected airplane retirements of 1,209 airplanes, will result in a total of 2,983 airplanes added to the freighter fleet by 2025, according to the annual CMO, which was released earlier this month prior to the Farnborough Air Show.

"Relatively stable total fleet numbers over the past five years are a bit misleading since strong deliveries have been offset by a roughly equal number of retirements," said Jim Edgar, regional director, Cargo Marketing for Asia. "Rising fuel prices apply replacement pressure on older inefficient fleets, contributing to unprecedented freighter interest while we experience minimal negative impact upon traffic levels."

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