India’s air traffic to grow nearly 7 pc through 2040; cargo space has ‘massive potential’: Boeing
Aircraft maker Boeing expects India’s air traffic to annually grow by nearly 7 per cent through 2040, and is bullish on the “massive potential” in the air cargo space. The company, which is a key player in both civil and defence aerospace segments, is also looking to increase the sourcing of raw materials from the country.
India’s airlines will lead air traffic growth through 2040, growing at a rate of 6.9 per cent. The growth for the South East Asia market is pegged at 5.5 per cent, China (5.4 per cent), Africa (5.4 per cent) and Latin America (4.8 per cent), Boeing said.
Boeing, which has around 90 per cent global market share in cargo, expects to play a large part in India’s cargo market. Boeing Managing Director (Marketing) David Schulte said there is a “massive potential (in cargo)”. “Currently, two scheduled Indian carriers — SpiceJet and Air India Express — are using Boeing freighters.”
SHARE THIS STORY ANYWHERE YOU LIKE
SHARE THIS STORY ANYWHERE
India-UK Free Trade Agreement: A Strategic Leap Forward – Abhishek Goyal, Aeroprime Group
The India-UK Free Trade Agreement is a deal between India and the United Kingdom to make it easier
transport logistic Southeast Asia and air cargo Southeast Asia (tlacSEA) 2025 to Strengthen Southeast Asia’s Supply Chains Amid Global Uncertainty
Three-day event in Singapore to drive digitalization, resilience, and sustainability across Southeast Asia’s booming logistics market As global supply
Jeddah to Host the 2nd International Port & Marine Development Conference, Driving Infrastructure, Innovation, and Sustainability Across the Region
In alignment with Saudi Arabia’s vision to emerge as a global logistics powerhouse, the 2nd International Port & Marine
Join our Newsletter
Our weekly e-newsletter reaches out to the leaders and decision makers of Cargo & Logistics Industry.