Boeing says replacement airplanes have taken a 43 per cent share of international demand, much higher than the 36 per cent forecast before the oil crisis hit.
The aircraft manufacturer also says the global air cargo market will continue to exhibit strong growth over the next 20 years and that volumes will triple.
Its Market Outlook 2008 report says there will be a 5.8 per cent annual cargo growth rate for the next 20 years with Asia Pacific the region with the greatest future market value and highest number of airplane deliveries, followed by North America and Europe in second and third place, respectively.
The 2008-2027 global market value is estimated at US$3,200 billion, 38 per cent of which will be Asia-Pacific with a market value of $1,190 billion. |
