Intra-Asia key to Air Cargo growth

No real surprise, as Intra-Asia is also a booming market for container lines, but according to Boeing Commercial Airlines Senior Vice President Dinesh Kiskar it’s also a key reason why Asia will lead the world in air cargo growth:

Asia will take the lead in air cargo industry growth, with intra-Asia trade estimated to increase at 8.6% per annum until 2025, said Boeing Commercial Airplanes senior vice president Dinesh Keskar.

He said the global air cargo business grew 5.1% in October last year, and was expected to triple over the next 20 years, with an average high of 6.9%.

Keskar said since the air cargo industry growth rate was generally in tandem with gross domestic product (GDP) growth rates, industry players could benefit from the rapid economic growth rate in Asia, led by China and India.