Following the announcement of President Trump’s travel ban on 26 European countries, the cargo industry has seen a sharp decrease in aircraft capacity from Europe to the United States.
Commodities such as food items, pharmaceutical goods, medical supplies, consumer goods etc. that would have typically travelled as belly freight on board passenger aircraft have now entered the ad-hoc cargo market, further tipping the balance of capacity/demand. The capacity issue is exacerbated by the fact that many cargo aircraft are already dedicated to easing the current demand in Asia.
However, Chapman Freeborn has worked tirelessly over…Read more