CAAC Flight Standards Department Deputy Director Zhou Kaixuan stated that China’s airlines will receive between 220 to 250 new large aircraft in 2011 adding that the number of large aircraft in operation in China will reach 2890 by 2015 (National Business Daily, 21-Jan-2011). According to Mr Zhou, China’s aviation maintenance market was valued at CNY2320 million (USD352 million) in 2010, accounting for 5% of the world’s aviation maintenance market. Mr Zhou previously stated the value of China’s aviation maintenance industry will exceed CNY45 billion (USD6.8 billion) while the industry’s workload will increase between 70% to 100% from 2010 in 2015.
Chinese carriers to receive up to 250 large aircraft in 2011
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