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Strike Aviation offers insights after Nordic Air Cargo Symposium 2024

The global air cargo market has made a robust recovery to pre-COVID aviation capacity levels, driven largely by the surge in e-commerce and positive global trade indicators. When sharing his insights, Andrius Antanaitis, Director of Business Development for Europe at Strike Aviation, confirms that overall global trends look positive, yet highlights the importance of understanding broad trends and specific market details. Insights from The Nordic Air Cargo Symposium in Stockholm underscore the significance of the North European market as a barometer for global and regional trends. For example, Strike Aviation’s operations in Norway, including the export of Norwegian salmon to China, demonstrate the need for diverse cargo opportunities to mitigate reliance on single markets. 📦

Despite the optimistic outlook, the air cargo industry faces several challenges. Restrictions on flying over Russian airspace have increased costs and extended flight durations for European carriers, benefiting their Chinese and Middle Eastern counterparts. Additionally, the surge in global trade volumes has led to a shortage of available aircraft capacities, making it difficult for companies to seize all opportunities. “Planes are not elastic, and particularly with the surge in global trade volumes, it’s becoming increasingly challenging for air cargo companies to capitalize on all opportunities,” explains Antanaitis. To address these issues, Strike Aviation is expanding its network of airline partnerships and diversifying the types of cargo transported, ensuring resilience and adaptability in a fluctuating market. 🗺️

 

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