June 30, 2022

Commodity markets are now on fire

A high official Boeing It underscores the importance of cargo in the aerospace industry now, almost two years after the corona virus outbreak halted travel.

“Commodity markets are on fire right now. That’s where we see real growth,” Stan Deal, Boeing’s executive vice president, told CNBC’s Dan Murphy at the Dubai Air Show on Sunday.

The company has announced plans to add three alternative taxes to its 737-800BCF across North America and Europe. These will be aircraft conversion facilities and will be located at KF Aerospace and London Gatwick, Canada.

The deal comes a day after Boeing said it was in advanced talks to sell A Inventory version of its future 777X jetliner. Ihsan Maunir, senior vice president of sales and marketing for Boeing, told Reuters on Saturday that “this is a very advanced discussion with many customers.”

“The [777X freighter] The design is good from the standpoint of position and needs. “

On Monday, May 10, 2021, at the Charles de Gaulle Airport in Royce, France, a worker checks the cargo of a Boeing Co 777-300ER passenger plane operated by Air France-KLM before departing for Los Angeles, USA.

Nathan Lane | Bloomberg | Getty Images

Prior to the outbreak, a significant amount of cargo was carried in the stomachs of passenger planes. But after those planes landed as a result of travel restrictions, the industry instead focused on dedicated cargo planes.

In the midst of the epidemic many airlines saw strong volumes for cargo. In fact, Emirates Airlines’ latest half-year revenue recorded a 39% increase in inventory volume, bringing it to almost 2019.

Infectious recovery

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“[2022] Be about growth. It will be about continuing to produce our short body, the 737 Max, in the wider-body market, and we are going to see some more sustained recovery when international markets come back, ”he added.

With regard to the corona virus infection, Deal said Boeing continues to monitor vaccination rates globally.

“We see it as the key to recovery. If you notice every domestic market recovering, it is well monitored with vaccine rates and vaccination rates. Now there is talk of a third vaccine in the hands of people around the world,” he said. . “Therefore, I think we will see a continuous increase in the number of vaccines, which will again unleash confidence among the general public for recovery.”

-Don Murphy of CNBC contributed to this article.