Frbiz.com Reports China's Aivation Market To Expand 7.9% Annually In 20 Years

By: Tian Li


Airbus SAS, the world's largest maker of commercial aircraft, said in a report that China's aviation market will see an annual increase of 7.9 percent in the next 20 years, following India to become the world's second fastest growing market.
India's aviation market is forecast to have a 10 percent growth annually over the next two decades, according to the report. A total of 25,000 new planes worth 3.1 trillion U.S. dollars will be delivered between 2009 and 2028 in the global airline market, said the report.
The report also said emerging economies, airline expansion, fleet replacement will drive the demand for energy-effective and environment-friendly airplanes. The Asia Pacific, including China and India, is forecast to account for 31 percent of demand, followed by Europe at 25 percent and North America at 10 percent over the next two decades.
The company predicted the world's aviation market will decline 2 percent in 2009 and increase 4.6 over the next year amid a gradual economic recovery. China's civil air transportation continued recovering in August, with three major production indicators keeping a rapid growth in the month, according to statistics with Civil Aviation Administration of China .
In August, China's total air traffic turnover obtained a month-on-month growth of 7.4 percent and a year-on-year growth of 30.6 percent. The passenger traffic turnover registered growth of 7.6 percent on month and 41.6 percent on year. The cargo traffic turnover posted month-on-month growth of 8.6 percent and year-on-year growth of 18.1 percent.
As of Sept. 12, the country's civil aviation industry had realized 8 billion yuan of profit this year, said Li Jiaxiang, director with the CAAC. The world's airline industry has been hit hard by the financial crisis due to the erosion of demand and reductions of capacity.
Commercial aviation is the part of civil aviation that involves operating aircraft for hire. In most countries, a flight may be operated for money only if it meets three criteria:
the pilot must hold a valid commercial pilot's license; the aircraft must hold a valid commercial registration ; the operator must hold a certificate or some other authorization for commercial operations; There are some exceptions - for example, a flight instructor is normally allowed to fly for money in a private aircraft owned by the student - but the above requirements hold for most flights where money changes hands.
Typically, a commercial license or registration requires higher standards than a private one. For example, a commercial pilot may have to demonstrate more maneuvers to a higher standard, and may need to pass more frequent medical examinations. A commercially-registered plane may require more frequent or more extensive maintenance.
It is the purpose of the flight, not the type of aircraft or pilot, that determines whether the flight is commercial. For example, a two-seat Cessna 150 towing a banner for money would be a commercial flight, while a large jet flown by its owners for a private vacation would not be, even if the pilots were commercially licensed and the jet were commercially registered.

Article Directory: http://www.articletrunk.com

| More

I am a professional editor from www.frbiz.com/, and my work is to promote a free online trade platform. www.frbiz.com/ contain a great deal of information about candle containers wholesale,machine tool accessories, welcome to visit!

Please Rate this Article

 

Not yet Rated

Click the XML Icon Above to Receive Industry Articles Articles Via RSS!


Powered by Article Dashboard