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

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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