Boeing predicts 2010 as year of recovery

BOEING predicts airfreight traffic to return to ‘normal’ next year. Speaking at the Asian Aerospace Expo in Hong Kong, Jim Edgar (right), regional director, cargo marketing for Boeing, said that while the US aircraft manufacturer is predicting continued decline this year – making it the first time that it has had two consecutive years of decline – that the decline was slowing.

He predicted that the US and China would lead the world’s economic recovery, followed by Europe and Japan, but in regards to airfreight, “things are improving and we’re hopeful, but there’s still a way to go yet”.

Elsewhere, Randy Tinseth, vice-president for marketing, said: “Twenty years from now more than 40 per cent of the world’s airline traffic will begin, end or take place within the Asia Pacific region. That’s a big leap for a region that was not even mentioned in our earliest Boeing market forecasts back in the 1950s.

“This is clearly a difficult time in the aviation market, and today’s challenges are reflected in the Boeing forecast, but we do expect the growing Asia markets to lead the industry into recovery,” Tinseth added.

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