China's Beijing Capital International Airport stated (18-Mar-2013) it expects to face pressure from both the international and domestic economic climate in 2013, with the world economy “trapped in deep adjustment” and China showing “signs of stabilisation”. The airport also noted "existing capacity of the Beijing Capital Airport has reached saturation", adding: "Under pressures from both the domestic and international environments, the Beijing Capital Airport will further tap its potential and strive to maintain a steady and healthy growth momentum in 2013". In 2013, the airport said it would seek to ease the strain on domestic facilities by opening building D in terminal 3, as well as pushing forward the expansion and refurbishment of terminal 2. Among the company’s priorities in 2013 will be the advancement of its strategic cooperation with Air China and expanding its international route network. BCIA said it would achieve these goals by capitalising on the new 72-hour visa-free transit policy and by coordinating more closely with the city of Beijing to attract international and transit passengers. [more – original PR]
Beijing Capital Airport existing capacity reaching saturation
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New Filipino President Rodrigo Duterte is pivoting Manila's allegiance away from the US – to China. His presidency is young and the calculation has its sceptics, but China appears to be warming. Following the lifting of its ban on banana trade, China is expected to use President Duterte's visit to Beijing to lift its travel warning against the Philippines. This will likely stimulate large air service growth between China and the Philippines. Yet for existing markets, there is some concern that the Philippines presents new competition.
Chinese long haul secondary city air routes: BA's Chengdu exit does not reflect the broader market
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British Airways' decision to exit its only secondary Chinese route to Chengdu, in Jan-2017, might suggest the music is ending and the secondary long haul bubble is popping. There is added colour given the recent UK-China air service agreement expansion, and Brexit/British pound depreciation overhangs.
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