Subscribe to our free daily newsletters
  Space Industry and Business News  




Subscribe to our free daily newsletters



AEROSPACE
China to spend $230 bn on aviation sector

by Staff Writers
Beijing (AFP) Feb 24, 2011
China plans to invest more than 1.5 trillion yuan ($228.2 billion) in the aviation industry over the next five years to meet surging demand as its economy booms, the sector's top regulator said Thursday.

By 2015, the country is expected to have more than 220 commercial airports and its fleet size will expand to more than 4,500 planes, Li Jiaxiang, head of the Civil Aviation Administration of China (CAAC), told reporters.

"The ability of the civil aviation sector to serve the national economy and the public will be further strengthened" by that time, Li told a news conference.

The country currently has 175 commercial airports in operation and keeps more than 2,600 aircraft in its fleet, according to Li.

China has 43 airlines, including eight privately owned carriers. The major airlines are Air China, China Southern Airlines and China Eastern Airlines.

The government encourages private investment in the civil aviation sector and three new private airlines will soon submit business applications to the regulator, Li added.

Demand for air traffic is booming as the world's second-largest economy roars ahead on near double-digit growth and increasingly affluent Chinese people are travelling more frequently.

Li had previously said the country's civil aviation fleet was expected to have up to 5,000 aircraft by 2015, according to earlier Chinese media reports.

He predicted 450-500 million air passenger trips would be made annually by 2015, and the CAAC aims to expand that target to 1.5 billion by 2030, according to the reports.

A total of 267 million air passenger trips were recorded in China in 2010, up 15.8 percent from the previous year, official figures showed.

Li admitted the country's expanding high-speed rail network could lure passengers away from airlines, particularly on short-haul trips under 500 kilometres (310 miles), but said the competition would spur airlines.

"The impact of high-speed trains will help the civil aviation sector to improve its management and control ... and provide faster and more convenient service to the passengers," he said.

Li said the government aims to boost the competitiveness of Chinese airlines in the global aviation market.

Chinese carriers have less than 30 percent of the international cargo market and account for 46 percent of passenger flights in and out of China, he said.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links
Aerospace News at SpaceMart.com



Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


AEROSPACE
EU states can fine airlines for excessive noise: court
Brussels (AFP) Feb 17, 2011
European nations have the right to impose penalties on airlines when their planes roar too loudly above built-up areas near airports, the top adviser to Europe's highest court said Thursday. European Air Transport (EAT), a unit of the DHL group, has asked the European Court of Justice to strike down a fine imposed by Belgian authorities after one of its planes exceeded maximum evening noise ... read more







AEROSPACE
Dell plans China expansion: state media

Videogame makers seek footing on shifting landscape

Japan's NEC in LCD tie-up with China's Tianma

Apple stockholders keep CEO succession plan private

AEROSPACE
Northrop Grumman Next-Gen FBCB2 System Approved For Fielding

Boeing To Demonstrate Aviation Command And Control Subsystem For US Marine Corps

RC-12X Aircraft Provides Highly-Capable SIGINT Systems To Warfighter

ThalesRaytheonSystems Announces Command View Mobile For C4I Solution

AEROSPACE
Successful Launch Of REXUS 9

24 hour delay for launch of NASA satellite

SpaceX to focus on astronaut capsule

ILS Appoints Vice President Of Sales Marketing And Communications

AEROSPACE
Russia Postpones Navigation Satellite Launch From Plesetsk

EU issues urgent call to 21 states on satellite network

Lockheed Martin-Built GPS Satellite Exceeds 10 Years On-Orbit

Russia To Launch Glonass Satellite Feb 24

AEROSPACE
US "air capital" savors Boeing tanker victory

China to spend $230 bn on aviation sector

Revolutionary Design For Stratospheric High Altitude Balloon Missions

EU states can fine airlines for excessive noise: court

AEROSPACE
Manipulating Molecules For A New Breed Of Electronics

Physicists Isolate Bound States In Graphene Superconductor Junctions

Intel to invest $5 billion in new Arizona plant

DuPont Microcircuit Materials Expands Printed Electronics Research with Holst Centre Collaboration

AEROSPACE
Earth's Core Rotating Faster Than Rest Of The Planet

Glory And Taurus Ready For Liftoff

2012 Science Budget Endorsed By Earth And Space Scientists

GIS Development Announces Latin American Geospatial Forum

AEROSPACE
Kenya, France seek new global environment body

Baby dolphins dying along oil-soaked US Gulf Coast

Beijing air pollution off the charts, US says

The Red Mud Accident In Ajka And Potential Health Effects Of Fugitive Dust


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement