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Market potential for transport airships in service to Hong Kong

Author

Listed:
  • Barry E. Prentice
  • Yui-yip Lau

Abstract

Air transport has developed steadily over the past 70 years into a mature industry. It could now be subject to disruption because technological advances are leading to the development of transport airships. The emergence of transport airships has the potential to create a significant expansion of the trans-oceanic air freight markets, increase geographical coverage and alter world trade patterns. This paper explores the current state of the Hong Kong airfreight industry and examines how transport airships could influence the future of Hong Kong aviation services. A new conceptual model, the value-density cargo pyramid, is developed to conduct comparative analysis among dedicated cargo airplanes, sea-air logistics, sea containers and transport airships, notably in the busy trade corridors between Hong Kong and Europe, as well as, Hong Kong and North America. Based on reasonable assumptions, transport airships could capture up to a half of the existing 'dedicated cargo aircraft' capacity. The race is on to create this new transportation mode and first-movers will have an advantage. This paper provides valuable insights on an immense opportunity that awaits Asian shippers and could take Hong Kong and all of Asia to a new higher level of development and economic prosperity.

Suggested Citation

  • Barry E. Prentice & Yui-yip Lau, 2016. "Market potential for transport airships in service to Hong Kong," International Journal of Aviation Management, Inderscience Enterprises Ltd, vol. 3(1), pages 68-83.
  • Handle: RePEc:ids:ijavim:v:3:y:2016:i:1:p:68-83
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    Cited by:

    1. Neal, Craig & Koo, Tay T.R., 2020. "Demand for cargo airships: An analysis of mode choice decision making in the freight transport industry," Journal of Air Transport Management, Elsevier, vol. 83(C).

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