Header Image: Chinese Airplane CC Captcha
The Industry-
The aviation market is being lifted by rising business travel and a surge in outbound tourism fueled by an increasingly wealthy middle class in coastal and inland cities. For the first time in history, in 2015, China's air traffic broke 100 million. With such increasing demand, more airports are needed than currently exist. Thus, China is in the process of developing several new airports to accomodate for the increasing need for air travel. In 2011, China had more than 180 airports, representing 22.5 percent overall growth since 2007, when 147 airports were in operation. However, to ensure availability of capacity as travellers near 700 million per annum, the government announced plans to build 50 more by 2015. $46 billion in airport construction investment was incurred in 2011 alone, with another
$100 billion expected over the next five years. Between 2011 and 2015, 50 new airports were opened, taking the total to 230, in line with the long-term goal set in 2008 of having 244 operational airports in 2020. Furthermore, by 2030, it is expected that another 5,000 airplanes will be needed to service demand. A central piece to the aviation development plan is a new Beijing Airport to accommodate the rapid growth in both domestic and international passengers. For more information and analysis of China's increase in the aviation industry, please click this link.
$100 billion expected over the next five years. Between 2011 and 2015, 50 new airports were opened, taking the total to 230, in line with the long-term goal set in 2008 of having 244 operational airports in 2020. Furthermore, by 2030, it is expected that another 5,000 airplanes will be needed to service demand. A central piece to the aviation development plan is a new Beijing Airport to accommodate the rapid growth in both domestic and international passengers. For more information and analysis of China's increase in the aviation industry, please click this link.
Sources:
Images-
https://commons.wikimedia.org/wiki/File:B-5756_-_China_Eastern_Airlines_-_Boeing_737-89P(WL)_-_Purple_Peacock_Livery_-_1000th_Boeing_Airplane_for_China_-_CAN_(13061808373).jpg
http://en.people.cn/n/2015/1031/c90000-8969544.html
http://centreforaviation.com/analysis/china-airline-growth-57-international-surge-while-domestic-holds-up-and-hong-kongmacau-fall-226730
Writing-
https://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/documents/Infrastructure-in-China-201302.pdf
Images-
https://commons.wikimedia.org/wiki/File:B-5756_-_China_Eastern_Airlines_-_Boeing_737-89P(WL)_-_Purple_Peacock_Livery_-_1000th_Boeing_Airplane_for_China_-_CAN_(13061808373).jpg
http://en.people.cn/n/2015/1031/c90000-8969544.html
http://centreforaviation.com/analysis/china-airline-growth-57-international-surge-while-domestic-holds-up-and-hong-kongmacau-fall-226730
Writing-
https://www.kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/documents/Infrastructure-in-China-201302.pdf