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

Stansted passenger numbers take-off for winter
Wednesday, December 17, 2014    
GE Aviation wins Boeing 777X systems contract
Tuesday, December 16, 2014    
AirAsia X places firm order for 55 A330neo
Tuesday, December 16, 2014    
HKIA Sets Monthly Record for Cargo in November
Monday, December 15, 2014    
Emirates Executive's unveil new stylish uniform
Monday, December 15, 2014    
ANA to increase international free baggage allowance
Monday, December 15, 2014    
Aviation Unites on Cyber Threat
Thursday, December 11, 2014    
Emirates A380 passengers enjoy free Wi-Fi
Thursday, December 11, 2014    
Flybe boost for London city to Belfast city service
Monday, December 01, 2014    
AirAsia X welcomes the 22nd Airbus A330-300
Monday, December 01, 2014    
Air Arabia considers future fleet order
Wednesday, November 26, 2014    
Gulf Air renews network services deal with SITA
Wednesday, November 26, 2014    
Kenya Airways Board gets two Female Directors
Wednesday, November 26, 2014    
Delta Adds A350-900, A330-900neo to its Fleet Plan
Saturday, November 22, 2014    
Etihad named CAPA Airline of the Year
Saturday, November 22, 2014    
Air New Zealand and Air China agree strategic alliance
Saturday, November 22, 2014    
Emirates completes first A380 C-Check
Saturday, November 22, 2014    
Aviation Unites on Cyber Threat
Aviation Unites on Cyber Threat
With the safety and security of the global aviation system potentially vuln
Emirates A380 passengers enjoy free Wi-Fi
Emirates A380 passengers enjoy free Wi-Fi
Over 200,000 passengers have used Emirates' free onboard Wi-Fi since Octobe
Air Arabia considers future fleet order
Air Arabia considers future fleet order
Air Arabia has begun the process of considering a future fleet order to ass
Kenya Airways Board gets two Female Directors
Kenya Airways Board gets two Female Directors
Election for two vacancies on the Board of Directors of Kenya Airways were
EgyptAir Training Center cooperate with Eritrean Airlines
EgyptAir Training Center cooperate with Eritrean Airlines
Training Center received a high-level delegation from Eritrean Airlines to
NAV CANADA reports October 2014 traffic figures
NAV CANADA reports October 2014 traffic figures
NAV CANADA announced today its traffic figures for the month of October 201
Lufthansa launches new route to Tampa
Lufthansa launches new route to Tampa
Lufthansa continues to expand its network in the United States. For the ver
  • 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