Air China’s Vice President He Li stated the carrier plans to more than double its widebody fleet from 40 to 100 over the next five years (South China Morning Post/Takungpao, 07-Jul-2011). The carrier stated earlier this week it plans to increase its fleet size from 400 aircraft to 700 by 2015 and expects its revenue to rise from CNY82.5 billion to CNY140 billion p/a. The fleet expansion is part of Air China’s plans to expand its international market. According to Mr He, “Air China is now short of planes, particularly widebodied planes”. Domestic services currently account for 60% of Air China’s business.
8-Jul-2011 11:24 AM