Middle Eastern Air Freight Predicted to Double
In their 2021 Commercial Market Outlook (CMO) , the aviation outfit claimed that by the year 2040 the rising demand will require 150 planes. This figure nearly double that of the 80 currently in service. Figures reported in 2020 showed increases in air cargo up 15.4% in the region, compared to a global average of 7.7% in August 2020. With the region undergoing huge expansions in transport links over the last 40 years, it is clear that growth continues in 2021. Passenger Flights Grounded With passenger flights grounded throughout the majority of 2020, the belly space reserved for cargo meant more space needed. Cargo planes picked up the slack, and with the Middle East bridging the gap between East and West, the air cargo industry clearly thrived in the region. Boeing’s managing director of Commercial Marketing, Randy Heisey, had this to say, “The Middle East region’s role as a global connecting hub continues to be important for developing markets to and from Southeast Asia,