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
You may also be interested in the following articles...
Airline invasion of the US: Gulf airlines extend into the west, Chinese airlines grow in the east
While US airlines focus on traditional domestic housekeeping, they are largely overlooking the bigger, faster growing – but more risky – long-haul international markets. This short termism may well come back to bite them. In their absence Chinese and Gulf airlines are re-shaping international travel to and from the United States. A decade ago they collectively operated half a million annual seats to the US; in 2014 it is over four million. By nature of demand and technical requirements they initially focussed on the US points relatively closer to home, with Gulf carriers planting themselves on the eastern coast and Chinese airlines on the west coast.
But now the two groups are reaching further inland, with Gulf carriers expanding to the west coast. Emirates will up-gauge its San Francisco service to an A380 while Etihad in Nov-2014 will launch a San Francisco service. Chinese airlines are extending their reach to the eastern part of the US, with Hainan Airlines launching Boston, Air China Washington Dulles and China Southern New York JFK. Gulf capacity quickly overtook Chinese capacity, with Gulf carriers in 2014 having twice the seat capacity of Chinese airlines. In recent years the Chinese growth rate has picked up but is still below that of Gulf carriers.
Asian aircraft lessor numbers grow as investors begin to recognise benefits and growth demand
There has been considerable interest in 2014 from the higher profile of aircraft lessors based in Asia, and specifically the emerging sector in China. A number of existing Chinese leasing companies are are being joined by new ones, including some affiliated with airlines, such as China Eastern and Spring Airlines. The move by Hong Kong billionaire Li Ka-shing and his Cheung Kong Holdings to enter the leasing sector has further stimulated interest for consumers looking to invest outside the traditional, and waning, property area.
Airbus firm orders from all lessors for the first ten months of 2014 have outpaced those of Boeing, but so far Asian lessor orders are about in line with 2012 levels at Airbus. Boeing meanwhile is accruing an increase in direct, disclosed orders from Asian lessors. Asia holds the single largest order backlog of commercial aircraft, with 3,517 according to CAPA's Fleet Database.
Opportunities within Asia could be mixed, although airline behaviour is changing: Chinese carriers are giving preference to Chinese lessors while Korean Air has only 17% of its fleet leased compared to 39% at Singapore Airlines and 67% at Qantas.