‘Converted freighters will ensure enough capacity in 2023’

Glyn Hughes, Director General, TIACA said, “From an industry perspective we were very pleased to see increase in innovation and digital connectivity. The investment in P2F conversions and in production freighters will ensure the industry has sufficient capacity available when the current downturn in demand reverses. We need to collectively enhance the value proposition and increase the awareness of what a vital role this industry plays in the global economy and global society. I think the key question for 2023 is when will the current economic challenges which have impacted consumers subside? High inflation, high energy costs and high interest rates have conspired with job insecurity to create defensive patterns in consumer spending. When these influences turn more positive we can expect to see significant industry growth resuming. For TIACA we expect to see further focus on sustainability and people issues.”