Consumers may be buying the latest electronic goods, but they are certainly not spending as much as they were 10 years ago. That means the air cargo industry, which is being swamped with belly capacity, is being left with a lot of empty space and nothing to fill it. Talk to air cargo experts and they will be as likely to discuss the demand for iPhones as they are about aircraft flying around. That is because the industry was traditionally a key indicator of how healthy global trade was, ...

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