CAAC confirmed (06-Dec-2011) Shanghai Pudong Airport’s fourth runway and fifth runway project proposals received approval from China’s National Development and Reform Commission on 21-Nov-2011. The CNY2580 million (USD403 million) fourth runway project includes construction of a 3800m runway while the CNY4650 million (USD726.6 million) fifth runway project includes construction of a 3400m runway.
Shanghai Pudong's fourth and fifth runways receive approval
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Domestic economic growth lags the targets set for aviation under previously stronger years. Airport slots remain in short supply and competition is fierce amongst China's airlines, even though the majority of capacity is from state-owned carriers.
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China’s aviation reforms match frugality with low-cost airline innovation as a new script unfolds
What is exciting about the next act of Chinese aviation is that a new script is now emerging.
China’s ascent from a single national airline in the 1980s to dozens of airlines in what is today the world’s second-largest market has occurred over many acts, but to date they have largely been highly choreographed.
There were surprises as some characters assumed roles larger than they were written and as some unscripted characters appeared, but mostly the state has applied a rubric of growing the market while ensuring a predominant role for the three protagonists: Air China, China Eastern and China Southern.
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