When it comes to the aviation industry all eyes are on China, India, and the USA. But among the big three, China has held onto a spree of being the best among the three, which thanks to a huge demand for travel, overhauls to the industry, and other international and national factors that affect Chinese Aviation. Back in in July 2017, we reported signs of China’s aviation industry undergoing much growth. As both the largest and fastest growing aviation industry, the sky is truly the limit for China’s ambition.

The Asian Tribune has come out with statistics for China’s flights: 312 millions passengers and an 11.0% increase in hours of transportation flight compared to last year, with no major accidents reported, and with a turnover of 60.88 billion ton-km between January and July. Originally focusing on international flight, they are now pursuing domestic travel as per the desires of the local population, though the demand for international flights is in heavy decline. Andrew Lee, an analyst at Jefferies Group LLC states that “If you look at [The data], our forecast is that domestic is more profitable [Than outbound flights]….If there’s a bit more focus on the domestic side, that would be more positive for yields.” Theses yields that are spoken of are known as income returns from an investment; and with such a huge population wanting local travel, it’s no wonder the aviation industry would see it as a huge opportunity to cash in on.

Following the rise in the aviation industry, China understands there will be a demand for more aircraft (roughly 17 percent if the total global demand) and in larger sizes for regional travel, particularly from growing middle class families. Embraer, Boeing, and Airbus are aiming to fulfill these demands for the Chinese people. Challenges in meeting these demands include tight flight schedules, huge operating costs, and how to co-exist with travel by train (an industry that is now setting up a train system to link the provinces together). However the government has expressed a great interest in supporting the industry through building 43 new airports.

http://www.popsci.com/china-aircraft-carrier-technology
http://aviationweek.com/airline-fleets-network/chinese-regional-airlines-aim-bigger-aircraft
http://www.chinadaily.com.cn/bizchina/2017-08/30/content_31303695.htm