Industry insiders and experts participating the ongoing Aviation Expo China 2015 held in Beijing believe the "Belt and Road" initiative will bring new opportunities to China's aviation market. Aviation Industry Corporation of China publicized an annual forecasting report on China's civil aviation market from 2015 to 2034 on Wednesday, saying the huge market of countries along with the "Belt and Road" will boost the development of international airline business.
Meanwhile, China's building of free trade areas creates opportunities for constructing world-class air transport hubs. The rapid development of e-commerce and express industry will give a boost to the growth of air freight transport. Statistics from the company show China has launched direct non-stop flight routes to 33 "Belt and Road" related countries, accounting for 39 percent of the total international relines in the world.
Experts believe the implementation of "Belt and Road" will beef up communication between China and relevant countries, and make more overseas cities to open non-stop flight routes to China. They forecast the trade value between China and these countries will be duplicated in the next ten years, which will boost the demands for personnel and freight circulation and the manufacturing of civil aircraft.
Commercial Aircraft Corporation of China Ltd. agreed in its annual forecasting report that the implementation of "Belt and Road" will bring a huge opportunity to related countries and areas and even the global aviation industry as well. Its chief accountant Tian Min said there will be 37,049 new planes to be delivered in the next 20 years, worth about 4,823.5 billion US dollars. Among the total, 6,218 passenger planes with more than 50 seats are for the Chinese market, worth about 803.7 billion dollars.
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