12-Jan-2011 10:52 AM

CAAC expects to invest USD228bn in 2011

CAAC Director General Li Jiaxiang stated during the nation’s 11th five-year plan (ended 2010), China made a direct investment of CNY250 billion (USD37.9 billion) in aviation infrastructure (China Broadcasting, 11-Jan-2011). Combined with fleet acquisitions by airlines, total direct and indirect investment reached CNY1000 billion (USD151.7 billion). Mr Li forecasts at least CNY1500 billion (USD227.6 billion) in direct and indirect investments to be made by the nation’s aviation industry during the 12th five-year plan ending in 2015.