AirNewsTimes Uk About US Contact

China says to build 70 new airports by 2015

China says to build 70 new airports by 2015

China will build 70 new airports within the next three years, the head of the country's aviation watchdog said Monday, as part of ambitious expansion plans in the industry despite an economic slowdown.

» Airlines - W | Monday, June 11, 2012 • AFP

Civil Aviation Administration of China (CAAC) chief Li Jiaxiang also reiterated pledges that carriers would buy on average more than 300 planes a year from 2011 to 2015 -- the country's current five-year economic plan.

"China plans to build 70 new airports in the next few years and to expand 100 existing airports," he told delegates in Beijing at the annual general meeting of global airline industry group IATA.

He added that the number of airports would reach more than 230 by the end of 2015, and that Chinese carriers would operate around 4,700 planes by then.

The aggressive expansion comes after IATA head Tony Tyler warned that global airline profits would more than halve this year on the back of surging oil prices and the eurozone crisis.

The airline industry in the Asia-Pacific region is expected to turn in a $2 billion profit in 2012, according to IATA figures released on the sidelines of the AGM, but this still represents less than half of the region's 2011 profit.

The group did not provide specific projections for the China market -- which has so far experienced booming growth due to rising demand for air travel as increasingly affluent Chinese people travel more frequently.

But it said part of the reason behind the projected drop in profits in Asia-Pacific was a slowdown in the Indian and Chinese economies.

Growth in China, the world's second largest economy, slowed to 8.1 percent in the first quarter of 2012 -- its slowest pace in nearly three years.

But Ma Kai, a state councillor in charge of economic development, said at the AGM that China's aviation market had the "biggest growth potential" in the world.

"Ever since 2005, the industry has realised an annual growth rate of 17.5 percent," he said.

"We have contributed to the current development of growth in the global civil aviation industry and will continue to do so for the time to come."

Li added that by the end of 2011, China had 2,888 commercial planes in operation and its aviation industry employed 1.2 million people.

AFP

Warning: Comments which include insulting, offensive sentences or hints, assault and comments with the unwritten rules of spellingand written in English characters incorrectly will not be approved.
Login to make a comment with your user name
Yorumunuzu Sendin
Tüm Yorumları Okumak İçin tıklayın

More News

Fernando Pinto, CEO of TAP Portugal
Saturday, April 25, 2015    
Ryanair: Scotland Winter 2015 Schedule
Saturday, April 25, 2015    
IATA: The Need for Global Best Practices in Brazil
Saturday, April 25, 2015    
Flydubai launches flights to Lar, Iran
Saturday, April 25, 2015    
Wizz Air opens flights from Riga to Lübeck
Saturday, April 25, 2015    
Etihad adds Madrid to its network
Saturday, April 25, 2015    
The Air France App already available on Apple Watch!
Saturday, April 25, 2015    
New Airbus aircraft list prices for 2015
Wednesday, January 14, 2015    
Pegasus adds more French and Italian destinations
Thursday, January 8, 2015    
Saudia operates Boeing B777-300ER to Manila
Thursday, January 8, 2015    
Royal Air Maroc takes delivery of first Dreamliner
Monday, January 5, 2015    
Air Arabia to open new international hub in Jordan
Monday, January 5, 2015    
Ryanair Launches ‘Crazy Fares’ From £9.99
Saturday, January 3, 2015    
Boeing Delivers Four 737s to Dragon Aviation Leasing
Saturday, January 3, 2015    
Lufthansa Group aircraft fly from Oslo on biokerosene
Saturday, January 3, 2015    
Qatar Airways adds Amsterdam to its network
Saturday, January 3, 2015    
Flydubai launches flights to Lar, Iran
Flydubai launches flights to Lar, Iran
Flydubai has announced the launch of flights to Lar in Iran, adding to the
Wizz Air opens flights from Riga to Lübeck
Wizz Air opens flights from Riga to Lübeck
Wizz Air, the largest budget airline in Central and Eastern Europe, from 24
airberlin welcomes international top managers on board
airberlin welcomes international top managers on board
Effective 1 June, 2015, the management team of Germany's second largest air
Etihad adds Madrid to its network
Etihad adds Madrid to its network
Etihad Airways' direct non-stop flights between Abu Dhabi and Madrid bring
The Air France App already available on Apple Watch!
The Air France App already available on Apple Watch!
The Air France App for Apple Watch will be available from 24 April. As soon
Pegasus adds more French and Italian destinations
Pegasus adds more French and Italian destinations
Pegasus Airlines, Turkey's leading low-cost carrier, continues its rapid gr
Ryanair Launches ‘Crazy Fares’ From £9.99
Ryanair Launches ‘Crazy Fares’ From £9.99
For Travel In January On Tuesdays, Wednesdays And Thursdays
  • Kara Kutu

  • Çok Okunan

  • Yorumlanan

AirNews'i Delicious'ta PaylaşınAirNews'i Stumbleupon'da Paylaşın!AirNews'i Twitter'da Takip Edin!AirNews Facebook Sayfasını Ziyaret EdinAirNews RSS
UK News | World | Aviation | Airlines | Airports | Business | Space | Technology | Tourism | Photos | Videos

This Site All Rights Reserved. Not be quoted without permission.

Copyright © 2008 - 2011 airnewstimes.co.uk

Design / Software: Air News Times