Lufthansa promises 'airlift for Germany' as aviation shutdown threatens vital global cargo - CNN
More than $6 trillion worth of goods are transported by air every year, according to Boeing (BA). They’re often high-value and perishable goods that need to be delivered at speed, and many carriers use passenger planes to move the cargo.
But as airlines across the world cancel thousands of flights and ground planes, supply chains that rely on air transport face capacity shortages and increased costs at a time when most businesses can least afford it.
“Air cargo has been a vital partner in delivering much-needed medicines, medical equipment, and in keeping global supply chains functioning for the most time-sensitive materials,” the International Air Transport Association said in a statement Monday.
“As we fight a global health war … governments must take urgent action to facilitate air cargo,” IATA CEO Alexandre de Juniac said. Keeping cargo flowing will “save lives” and help to “keep the global economy moving,” he added.
Most airlines could be bankrupt by May. Governments will have to help
Germany’s Lufthansa (DLAKY), one of Europe’s biggest airlines, told CNN Business on Tuesday that it “will do everything in its power” to maintain supply chains and ensure that goods are supplied across the country. It described the effort as an “airlift for all of Germany,” evoking the Cold War operation by American and British planes to keep West Berlin supplied with food and other essentials during a Soviet blockade in 1948 and 1949.
Nearly 40% of German imports by