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Jet fuel price hike no threat to air cargo growth
Oct 23, 2007 (newstodate): Rising jet fuel prices are not considered a threat in itself to cargo growth at Moscow Domodedovo Airport.
-Even if jet fuel prices continue their hike, the value of the airfreight shipments is growing even faster, says Evgeny Raevskiy, Moscow Domodedovo Airport director cargo.
-The demand for e.g. car spares and spare parts for the automative and machine industry is growing even faster, securing sustained growth in air cargo.
At Domodedovo Airport, cargo now contributes around 10 percent of total airport revenues, and after the construction of the airport's third cargo terminal and the planned cargo village, the contribution from air cargo is excpected to increase by some 25 percent.
-If we did not invest in expanded infrastructure, this would soon become a bottle-neck blocking further growth, says Mr Raevskiy.
-Without the planned investments in expanded infrastructure, our annual growth would probably not exceed five percent over the next two to five years.
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