Spot rates still tumbling, with worse to come if carriers return to Suez
The downward spiral of container spot freight pricing accelerated this week, as China begins its ...
© Nicholas Haig
By Alex Lennane
If you are frightened of overcapacity in the airline industry, it’s probably best not to read Boeing’s predictions about demand. It is one of the companies still bullish on China, and – if it is to be believed – it reckons that Chinese airlines will need 6,810 new aircraft over the next 20 years, a figure 7.6% higher than in its previous forecast. Of those, 180 aircraft will be freighters, and it anticipates 410 converted freighters too.
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