China's Beijing Capital International Airport stated (18-Mar-2013) it expects to face pressure from both the international and domestic economic climate in 2013, with the world economy “trapped in deep adjustment” and China showing “signs of stabilisation”. The airport also noted "existing capacity of the Beijing Capital Airport has reached saturation", adding: "Under pressures from both the domestic and international environments, the Beijing Capital Airport will further tap its potential and strive to maintain a steady and healthy growth momentum in 2013". In 2013, the airport said it would seek to ease the strain on domestic facilities by opening building D in terminal 3, as well as pushing forward the expansion and refurbishment of terminal 2. Among the company’s priorities in 2013 will be the advancement of its strategic cooperation with Air China and expanding its international route network. BCIA said it would achieve these goals by capitalising on the new 72-hour visa-free transit policy and by coordinating more closely with the city of Beijing to attract international and transit passengers. [more – original PR]
Beijing Capital Airport existing capacity reaching saturation
You may also be interested in the following articles...
Spring Airlines seeks to redefine itself in a more crowded Chinese LCC market
The company folklore of the Chinese low cost carrier Spring Airlines has become entrenched in aviation history, with photos of Spring staff on duty trips sharing hotel rooms while eating instant noodles.
For the Chinese market this thriftiness, and regular candid interviews with billionaire founder Wang Zhenghua, became synonymous with the growing number of budget flights on Spring Airlines. The public became educated about China's only notable LCC, which was markedly different from the cookie cutter format of full service domestic airlines.
But the spectrum of airlines in China is widening and Spring, now under the leadership of Stephen Wang, needs to reassert its position in the Chinese market.
Mr Wang addressed CAPA's Americas Aviation Summit in Orlando in Apr-2017. There are new LCCs and airlines transitioning to LCCs with different service levels, making Spring wonder if it should be an "ULCC". The reality of a government orchestrated market means Spring needs to consider widebody operations for domestic trunk routes, and possible long haul flying. Spring also needs to diversify its presence: its home hub of Shanghai is high yielding but this has invited envy, and an aviation hub overhaul could mean that LCCs are moved to a new and remote third airport in Shanghai.
State of the Market; Global aircraft leasing continues its international shift from west to east
Aviation leasing continues to see a favourable outlook, growing rapidly in both size and importance. The sector is enjoying a combination of easily available funding at low interest rates and strong lease yields, while it’s airline customers benefit from record profits, lower fuel costs and strong air travel demand.