ATC Avia - Boeing Forecasts Long-Term Growth in Air Cargo Traffic

The world air cargo growth will expand at a 5.8 percent annual rate over the next two decades, with worldwide air freight traffic tripling through 2027, according to Boeing's World Air Cargo Forecast 2008/2009 announced at the Air Cargo Forum (ACF) in Kuala Lumpur.

Boeing predicts the world freighter fleet will increase to 3,890 airplanes from 1,950 during the 20-year period. Large freighters such as the Boeing 747 and 777 ultimately will represent 35 percent of the fleet, compared to 26 percent today, while providing 74 percent of total capacity. This segment will require 640 new factory-built airplanes.

Cargo tends to be at the forefront of increased liberalization of air services, which is a driver of economic growth. And Asian air cargo market growth will continue to lead all global traffic routes. Domestic Chinese and intra-Asian markets will grow 9.9 percent and 8.1 percent per year, respectively. Asia-related markets will experience growth in excess of the global average.

12/24/2008 United Eagle Airlines owe Sichuan Airports 30 million CNY

Company’s debt to Sichuan province’s airports in the period from March 2007 to October 2008 reached 30.45 million Chinese Yuan, which is 90% from the total volume of the airports’ service for the Airlines.

12/16/2008 HKIA Records Further Decline in Air Traffic

14 December 2008. Hong Kong International Airport (HKIA) announced figures that showed a continuing fall in cargo and passenger volume in November. Hong Kong International Airport handled 3.8 million passengers and 296,000 tonnes of cargo in November 2008, representing a year-on-year drop of 5.6% and 18.7% respectively. Air traffic movements fell 1.3% from November 2007 to 24,815.

12/15/2008 First charter flight linking Taiwan and mainland China launched today

As a result of the agreement between Chinese and Taiwanese two parties’ development foundations, signed in November 2008, the so called “three communication lines” program was launched on December 15.

12/11/2008 China's first private carrier suspends passenger flights

One of China's private airlines has suspended passenger flights due to financial and management problems, state media reported on Saturday, the latest victim of the global economic crisis.

12/4/2008 Direct Charter flights connecting Taiwan with Mainland launch December 15

Taiwanese “China Airlines” reports to launch charter flights, linking Taiwan with continental China. First flight will be operated on December 15 at the latest. This is the first carrier to launch such flights so far.