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China to purchase 218 aircraft in 2010; passenger levels to increase to 1.5 billion pax by 2030

9-Mar-2010 10:32 AM

CAAC Director General, Li Jiaxiang, reportedly stated that Chinese airlines plan to purchase 218 aircraft (regional and widebody airccraft) in 2010 to meet increased demand for air travel (Xinhua/People's Daily, 08-Mar-2010). CAAC is forecasting a 12% increase in passenger and freight traffic from 2009 levels (of 230 million passengers and 4.46 million tons of cargo), with passenger numbers expected to grow to 700 million passenger trips p/a by 2020, with this likely to double (to 1.5 billion) by 2030. Total air traffic has grown by 18% in Jan/Feb-2010, with freight growth increasing 95%, meaning volumes have recovered to pre-crisis levels.