Uganda Air Cargo urges government $10 mn to repair its grounded aircraft

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Kenya Airways and Avianor have reached an agreement to collectively repurpose its aircraft cabins into cargo transportation on the B787.

The repurposing of this first Dreamliner has since been completed and Kenya Airways has received air worthiness approval from the Kenya Civil Aviation Authority (KCCA) and Federal Aviation Authority (FAA) and will soon begin cargo flights on the first ever repurposed certified Dreamliner in the world.https://www.logupdateafrica.com/kenya-airways-to-soon-fly-b787-preighters-to-meet-cargo-demand-air-cargo

September 5, 2019: Demand for air freight, measured in freight tonne kilometers (FTKs), declined for the ninth consecutive month of year-on-year decline, contracting by 3.2 percent in July 2019, compared to the same period in 2018.

The International Air Transport Association (IATA) released data for global air freight markets that continue to suffer from weak global trade and the intensifying trade dispute between the US and China.

Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by 2.6 percent year-on-year in July 2019.

Capacity growth has now outstripped demand growth for the ninth consecutive month.

The impact of the US-China trade war and weaker manufacturing conditions for exporters in the region was seen on the Asia-Pacific airlines that saw demand for air freight contract by 4.9 percent in July 2019, compared to the same period in 2018.

The Asia-Pacific region accounts for more than 35 percent of total FTKs, making the performance a major contributor to the weak industry-wide outcome.

Air Cargo Market HighlightsThe growth of the global air cargo market can be attributed to the growing e-commerce industry and increasing adoption of air cargo services by the pharmaceutical and healthcare industry.

Furthermore, the rising adoption of artificial intelligence (AI) and blockchain technology in supply chain management to facilitate operations is also propelling the growth of the air cargo market.Air Cargo MarketFactors such as increasing global imports and exports and benefits offered by air cargo such as convenience, efficiency, and timely delivery are driving the market growth.

However, stringent government regulations regarding air cargo services are expected to hinder the growth of the market.The global air cargo market has been segmented based on type, service, destination, end user, and region.On the basis of type, the global air cargo market has been divided into air freight and air mail.

The air freight segment is expected to account for a larger share of the market during the forecast period and register a higher CAGR from 2019 to 2025.

Various initaitives undertaken by agencies such as IATA for making the air freight industry paperless are expected to drive the segment growth during the forecast period.

Benefits offered by air cargo service providers such as specialized packaging and coolers for storage are propelling the segment growth.Based on service, the market has been classified as express and regular.

February 14, 2019: In 2018, the global Air Cargo market size was  million US$ and it is expected to reach  million US$ by the end of 2025, with a CAGR of  during 2019-2025.This report focuses on the global Air Cargo status, future forecast, growth opportunity, key market and key players.

The study objectives are to present the Air Cargo development in United States, Europe and China.The key players covered in this studyChina Airlines CargoFedEx ExpressUPS AirlinesDownload sample Copy of This Report at: https://www.radiantinsights.com/research/global-air-cargo-market-size-status-and-forecast-2019-2025/request-sample Cathay Pacific CargoDHL AviationKorean Air CaroCargoluxLufthansa CargoSingapore Airlines CargoEmirates SkyCargoAir Freight and Air MailMarket segment by Type, the product can be split intoAir MailAir FreightClick For Report Details @ https://www.radiantinsights.com/research/global-air-cargo-market-size-status-and-forecast-2019-2025 Market segment by Application, split intoRetailFood and BeveragesPharmaceuticals and HealthcareConsumer ElectronicsThird Party LogisticsMarket segment by Regions/Countries, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaCentral & South AmericaThe study objectives of this report are:To analyze global Air Cargo status, future forecast, growth opportunity, key market and key players.To present the Air Cargo development in United States, Europe and China.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by product type, market and key regions.In this study, the years considered to estimate the market size of Air Cargo are as follows:History Year: 2014-2018Base Year: 2018Estimated Year: 2019Forecast Year 2019 to 2025About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.

We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.For More Information, Visit Radiant Insights Contact:Michelle ThorasCorporate Sales Specialist, USARadiant Insights, IncPhone: 1-415-349-0054Toll Free: 1-888-202-9519Email: [email protected]    Blog URL: http://ictmarketforecasts.wordpress.com