Records are meant to be broken, and China is bound to make on its name new records. China, emerging world economy of Asia, has contributed not only to the country itself, but brought some relief in times of recession to Asia. Putting the continent of Asia on the global economy already, China is making wings and waves in the Aviation industry.
The domination of North America, as worlds aviation market has been jolted severely as Asia Pacific is taking on as the world’s largest passenger market in Aviation. This tantalizing and amazing report has been supported by the new figures that have been issued by International Air Transport Association, which showcased that North America flew some 638 million passengers in North America whereas Asia Pacific flew 647 million.
This dramatic growth and impressed change has come from China, it is the region’s largest domestic market flying 14,00 aircraft. The soaring of China’s aviation industry can be credited to loads of happenings and changes that China, who is so much bound to prove itself, is making in its economy, aviation industry and over all economic development projects that are being undertaken.
A recent AFP Report, shows that as the China’s middle class, is becoming more liberal with their expenditure and usage of credit cards along with accustomed online purchasing, booking, package and hotel tour booking and various other online travel services which has led up to 27 percent of increase then last year. Also with the growing economy and China having major cities like Shanghai, Honk Kong, Beijing who are recognized as Asia’s business center, more and more people are soaring to clouds for traveling.
In the report that was issued in July2009, reports, Statistics from the Civil Aviation Administration of China, shows that the domestic air transport market of China had an great growth for the first half of the year 2009 with increase in 0passenger volume by 20.4% when compared with the same period of last year, making it rank No. 1 in the world.
As an important air transportation hub in China, the passenger throughput of Beijing Capital International Airport has become a vital reference index of the development of the China aviation market. From May this year, number of passenger turnover has been up rapidly and has maintained the growth rate of 20% while numbers of landing and take-off have also been increased significantly.
Air China, China Southern Airlines Company and China Eastern Airlines Corporation Limited, the 3 major airlines whose total contribution of 80% share of the domestic aviating market of China, all of them profited. According to the CAAC’s latest information, domestic passenger business has been growing step by step.
China’s rapid economy gives Chinese market tremendous need for commercial aircrafts, and China government has launched numerous projects to enhance the development of aviation industry in China.
The Civil Aviation Administration of China has proposed and then budgeted 11.7 billion Yuan previous year for airport constructions. 13th Beijing International Aviation Expo, on September 23, which saw evidence of the developing new trends at Expo, have showed the plans to launch aviation projects, new aviation industrial parks and the focus on developing light multi-purpose turboprop aircraft and business jets, for business travel across the country.
The aviation Industry is an economic pillar industry as per the China government that is reaping in rewards for it and sharing with other industries too.
China government is trying its best and is showing the work in progress for developing the aviation industry not only with the number of flying passengers and also in the field of engineering and making of aircrafts. Thomas Enders, the president of Airbus, said the Chinese are “very eager and very ambitious” and this will make them likely to catch up with Western levels of productivity at Airbus sites in China within two to three years that will challenge the Britain’s’ wing production. “Right now the UK is the supplier of wings for the Airbus family but that doesn’t mean the Chinese can’t build a good wing,” Thomas Enders told the Telegraph. “If we underestimate our Chinese friends, there will be a problem. Europe is not the only play in town.
The reason for Airbus officials sharing the technology in China, is the price that they are paying for entering into a market expected to need 2,800 passenger jets of above 100 seats over the next 20 years, with a value well over $300bn (£184bn). Mr Enders said “the shift to China was not motivated by the lure of cheap labour, but rather part of Airbus’s move to spread its operations globally.”
The China is upcoming, booming and is daring to surpass not in Asia, but possessing challenge to Europe and North America. China’s Aviation industry is showcasing the potential of Human resource and technology advancement, advantages on its sides.
