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
Rajesh Menon – DPIIT, Ministry of Commerce and Industry – Interview
Apace Digital Cargo had the opportunity to interview Rajesh Menon, Associate Director - DPIIT, Ministry of Commerce and Industry, to
Qatar Airways Cargo Relaunches Several Destinations
Qatar Airways Cargo, the world’s leading cargo carrier, has relaunched services to Tokyo’s Haneda Airport. The reintroduced passenger flights bring
Pristine Logistics and Infraprojects Wins Gati Shakti Cargo Terminal Bid
Kanpur Logistics Park Pvt. Ltd., a unit of Pristine Logistics & Infraprojects Ltd, has quoted a negative 52% rate to
Join our Newsletter
Our weekly e-newsletter reaches out to the leaders and decision makers of Cargo & Logistics Industry.