Decarbonization of air transport is priority

“Moving towards the decarbonization air transport sector shall be the priority as we track towards 2030, hence capacity disruptions and cost increases are bound to happen during this period. Hence there could be an extra demand for space, while older aircrafts and engines go for scrapping or an engine refit to meet the goals related to emission reduction,” says Ashish Asaf, CEO, S.A Consultants & Forwarders. “Air freight demand will be offset by the near and medium-term challenges posed by a host of challenges like inflation, reduced purchasing power, consumption pattens and as well the geopolitical issues in Europe. During this time probable incremental volumes can arise due to increase in the E Commerce segment from certain Southeast Asian countries as well from the probable disruptions in the ocean freight due to port congestion or lockdowns,” he adds.