March statistics in the air freight industry points to a good start with volumes increasing by 14 percent in terms of freight ton kilometers (FTK) during the first quarter (Q1) of the year compared to the same period last year.
The International Air Transport Association (IATA) says this was “the fastest pace of growth recorded since October 2010” and was largely attributed to increased activities globally in exports.
Air freight companies, logistics and others connected in the supply-chain of the industry are upbeat about the prospects of having better days. We couldn’t agree more.
This month, most industry players are converging at Messe Munchen for the much awaited biennial Air Cargo Europe (May 9-12, 2017), considered as the ideal platform to network, initiate business and expand knowledge about the air freight industry across the continent, the Middle East, Africa, Asia, the Americas and even the Pacific.
More than 2,000 exhibitors and about 60,000 visitors from across the globe are expected to attend this major event. A healthy business is all what they want.
In this edition, we’re bringing you the story of an Indian entrepreneur born and bred in Kenya who made a fortune in Dubai by transporting humanitarian cargo to troubled areas across Africa and the Middle East. His entrepreneurial spirit lives on with a new business venture, touching many lives in the process.
From India, we will expound on the latest initiative of the government to fully utilize 24 airports to enhance the country’s air cargo industry amid a great potential to speed up transporting goods across its vast regions.
In technology news, we’re bringing you Boom Supersonic, the fastest commercial passenger in the world, designed to cut by half the travel time between long haul destinations. Venture capitalists from Silicon Valley are mainly funding this futuristic project.
This is going to be an exciting year for both the aviation and air cargo industry with game-changers about to enter the market from different fronts.
These and more news and features in this latest edition of the Air Cargo Update.