Global air cargo rising, aviation working to revamp operations

In a year characterised by positive growth, global air cargo is setting the stage for dramatic modernisation and transformation, the International Air Transportation Association (Iata) said on Wednesday. Air cargo accounted for about $6-trillion in the value of goods, representing 35% of global trade by value, in 2017, a number which is expected to grow to $6.2-trillion in 2018, Iata chief economist Brian Pearce told delegates during the yearly Iata cargo media day, held in Geneva, Switzerland.