- Addition of 2,322 jet freighters and 401 feeder aircraft
- P2F conversions expected to account for almost 70% of fleet additions
Cargo Facts Consulting (CFC) has released its latest forecast for the global freighter aircraft fleet, and projected growth over the next 20 years.
CFC’s Freighter Forecast projects the addition of 2,322 jet freighters and 401 feeder aircraft by 2029 to cater for both growth and retirements of older aircraft. Passenger to freighter conversions are expected to account for almost 70% of fleet additions overall.
“While the long term outlook for air cargo remains sound, the current crisis will have an effect on the long term average growth rate,” said Managing Director Frederic Horst, “even if we assume an awful 2020 followed by a strong recovery in 2021.
“Given that the forecast was prepared during the middle of probably the worst crisis ever faced by the global airline industry, we have included a chapter on the short-term outlook for cargo demand, capacity and aircraft supply.”
This 15th edition of the report includes an in-depth analysis of recent developments and trends across the feeder, narrowbody, medium and large widebody freighter segments. This is complemented by a forecast of aircraft retirements and fleet additions through to 2039.
The subsequent sections of the report cover long term airfreight demand, CFC’s analysis and forecast for narrowbody, medium and large widebody and feeder (turboprop and regional jet) freighter fleets.
This includes an analysis of the impact of changes to key assumptions regarding traffic growth, freighter productivity and the belly to freighter split.
The Cargo Facts Consulting Freighter Forecast has been the fundamental resource for strategic analysis of the current and future freighter fleet since 2006. For more information or to order the newly released edition, visit www.CFCinsights.com.
