Release Date: 29-May-2013
China general aviation sector will witness a rapid development period, and the demand for flights will continue to increase. It is expected that by the end of the 12th Five Year Plan (2015), China is expected to require between 10,000 and 12,000 general aviation aircraft of various types. China has emerged as predominant player in global aviation sector driven by supportive government policy framework. The extent of contribution from the aviation sector can be derived from the fact that from 2008 to 2012, the total throughput, passenger throughput and the cargo & mail throughput in China had respectively grown more than 15%, 16% and 13% year-on-year whereas the average global growth was around 5% in all segments year-on-year.
Civil aviation system in china is the second largest global aviation system after the US, while the total transportation throughput and the passenger throughput of China’s civil aviation is ranked fifth. The aviation growth seen in China is the highest growth in the world in this sector. In the global market, China is the second largest national air travel market and also the fastest growing. To meet the demand of the market, China buys more than 100 new passenger jets every year and this forms more than a tenth of the world’s total demand. While this indicates a huge domestic market, the country is keen to develop and promote its local manufacturers of aircrafts.
For more information visit: “China Aviation Industry Analysis”