CAAC stated China plans to invest more than CNY1.5 trillion (USD230 billion) in civil aviation during the 12th Five-Year Plan (China Knowledge, 20-Apr-2011). According to CAAC estimates, China's passenger traffic will reach 450 million, the number of airports will exceed 230 and fleet size, including general aviation aircraft, will surpass 4500. CAAC Administrator Li Jiaxiang said that CAAC will further restructure the civil aviation industry in China, focussing on micro-monitoring system and market-oriented policy making, during the Five Year Plan.
China to invest USD230bn in civil aviation in 12th Five-Year Plan
You may also be interested in the following articles...
Global airport construction review 1Q2017 – focus on Latin America and Africa
The annual airport construction overview report for 2017 focuses on Latin America and Africa, two regions that are often overlooked but which make their contribution to the global total of activity. One of them, Africa, is surprisingly strong in new airport construction, as long as the funding can be found, which is no easy task.
The total known global investment on airport projects continues to grow, and hovers close to the USD1 trillion mark; and with Asia Pacific the overall leader.
There are, however, anomalies, with some regions witnessing many projects but small investment figures, and vice versa. This report attempts to explain those anomalies while offering a breakdown of the biggest projects in each region.
Airports - subject as always to the vicarious uncertainty of airline fortunes
CAPA’s 2016 outlook was against a background of unusually high levels of profitability for airlines.