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Global Air Cargo Traffic to Double in 20 Years

(IndustryWeek – AFP)

Global air cargo traffic will double in the next 20 years, enjoying annual growth of 4.7% as international trade picks up after a long period of stagnation, Boeing predicted Tuesday.

Major airline operators were severely hit by the global financial crisis in 2008 and, despite a rebound in 2010, worldwide air cargo traffic has remained flat in recent years.

But Boeing, in its biennial World Air Cargo Forecast released at an industry expo in Seoul, said traffic had grown 4.4% on-year from January to July this year. Read more here.