China’s airfreight traffic to grow six-fold

Airbus forecasts that the Chinese Mainland will need some 2,800 new aircraft by 2026, with a total market value of US$329 billion, eyefortransport.com reported.

This represents 11.6% of the world total demand for more than 24,000 new aircraft in the next twenty years.

According to Airbus’ 2007-2008 Global Market Forecast (China) issued this week, China will need about 130 new freighter aircraft to cope with the increase in the country’s freighter traffic during the next two decades.

China’s freighter traffic demand will remain at a high level with an average domestic market growth rate of 10.5% per year and an average international market growth rate of 8.5% per year.

China’s dedicated freighter fleet will grow eleven-fold over the next twenty years, from 45 freighters to 471 in 2026.

Source: American Shipper