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China to stay high in civil aviation market
By Yang Jian |
September 21, 2011, Wednesday
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Print Edition
Print Edition
CHINA will remain the world's second-largest domestic civil aviation market and to account for 9.8 percent of the world's total passenger traffic by 2030, according to a forecast released by Airbus yesterday.
The country will also have the second-fastest growth rate of 7.2 percent in domestic civil aviation passenger traffic over the next 20 years after India, the European plane maker said.
The United States domestic civil aviation market is seen as No. 1 with 11.1 percent, and the intra-west Europe market as No. 3 with 7.5 percent of total air traffic in 2030.
Airbus also predicted the global passenger aircraft fleet to more than double to 31,500 from 15,000 now.
It attributed the rapid surge to population expansion with increasing wealth and dynamic growth in emerging economies, continued growth in North America and Europe, urbanization of the world's population to rise to 60 percent, and for the number of mega cities to more than doubled from 39 to 87 by 2030.
The rise of low-cost carriers is also another factor, the company added.
The country will also have the second-fastest growth rate of 7.2 percent in domestic civil aviation passenger traffic over the next 20 years after India, the European plane maker said.
The United States domestic civil aviation market is seen as No. 1 with 11.1 percent, and the intra-west Europe market as No. 3 with 7.5 percent of total air traffic in 2030.
Airbus also predicted the global passenger aircraft fleet to more than double to 31,500 from 15,000 now.
It attributed the rapid surge to population expansion with increasing wealth and dynamic growth in emerging economies, continued growth in North America and Europe, urbanization of the world's population to rise to 60 percent, and for the number of mega cities to more than doubled from 39 to 87 by 2030.
The rise of low-cost carriers is also another factor, the company added.
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