© Khunaspix Dreamstime.
London, 10th December 2012 – A new air cargo world order will emerge over the next five years, as European combination carriers make way for new kids on the block, and niche carriers come into their own, according to Larry Coyne, CEO, Coyne Airways.
Some, if not all, European legacy airlines will leave the long haul freighter business as competition increases, yields from China continue to fall, economies tighten their belts, and shippers turn to surface transport.
“The combination carriers have suffered a series of setbacks including 9/11, SARS, the volcano dust cloud, and, most seriously, price fixing charges,” said Coyne.
