Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg
Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg

China’s air freight market becomes bright spot for Boeing amid US trade tensions, 737 MAX grounding

  • Political friction between China and the United States has meant no Chinese orders for new Boeing passenger planes since 2017
  • But in May 2020, China Cargo Airlines which is owned by China Eastern Airlines, placed an order for two 777 widebody freighters

Topic |   US-China trade war
Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg
Air freight rates have skyrocketed as demand has returned to pre-pandemic levels while overall capacity is much reduced due to the drop-off in passenger flights that carry cargo in the planes’ bellies. Photo: Bloomberg
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