Trillion Dollar Aircraft Market Forecasted

Boeing, one of the two largest aircraft manufacturers in the world, has forecasted a demand for new aircraft worth US $3.8 trillion over the next 20 years. This is based on a five percent annual increase in passenger traffic growth, and more than a six percent increase in air cargo traffic.

The cargo growth of over six percent a year is for air frieght alone; another nearly three percent growth is predicted every year for airmail. This will triple the volume of world air cargo traffic over the next 20 years.

To meet this projected growth, the average size of freighter aircraft is expected to increase, plus the dedicated cargo fleet will more than double to nearly 4,000 aircraft.

The cargo fleet will partly consist of passenger aircraft converted to freighters, plus a projected other nearly 900 new freighter aircraft.

And these cargo aircraft are getting bigger: Boeing says that by 2026, about 64 percent of the freighter fleet will be wide-body type aircraft. Currently, 58 percent are widebody jets.

This is more good news for new pilots and for those pilots still in training.  More aircraft and more jobs coming your way.