General aviation set to take off higher
By Winny Wang |
March 8, 2011, Tuesday
|
Print Edition
Print Edition
SHARES of general aircraft operators took off yesterday after China's civil aviation regulator pledged to open the low-altitude sky to promote the development of general aviation by 2015.
Li Jiaxiang, director of the Civil Aviation Administration of China, said over the weekend that the regulator will fully open the country's low-altitude sky to support the general aviation industry by 2015.
"The move aims to encourage and support the general aviation industry, including private planes, and the country will ensure strict standards on operating general aircraft before opening the low-altitude sky," Li said.
CITIC Offshore Helicopter Co, the country's biggest general aviation operator, rose by the daily cap of 10 percent to 13.51 yuan (US$2.06) in Shenzhen yesterday. The company is engaged in all types of general aviation such as offshore helicopter oil services and business flight services.
Sichuan Haite High-tech Co, engaged in repairing general aircraft, grew 4.95 percent to 17.59 yuan, and Hafei Aviation Industry Co, which makes helicopters and regional jets, gained 3.93 percent to 30.68 yuan.
CAAC has already opened the low-altitude sky in Jilin, Guangdong and Heilongjiang provinces on a trial basis and it will add the provinces of Hunan and Hubei as well as the autonomous regions of Guangxi and Inner Mongolia to the pilot project soon, Li said.
"China will need 5,840 general planes by 2015, compared with 1,000 at present," said Zhao Xiaochuang, an analyst at Century Securities. "If the country opens low-altitude sky, the private plane industry will boom and demand of general planes will grow by 10,000 in 10 years."
Li also said that limited air space is a major factor that leads to flight delays.
Li Jiaxiang, director of the Civil Aviation Administration of China, said over the weekend that the regulator will fully open the country's low-altitude sky to support the general aviation industry by 2015.
"The move aims to encourage and support the general aviation industry, including private planes, and the country will ensure strict standards on operating general aircraft before opening the low-altitude sky," Li said.
CITIC Offshore Helicopter Co, the country's biggest general aviation operator, rose by the daily cap of 10 percent to 13.51 yuan (US$2.06) in Shenzhen yesterday. The company is engaged in all types of general aviation such as offshore helicopter oil services and business flight services.
Sichuan Haite High-tech Co, engaged in repairing general aircraft, grew 4.95 percent to 17.59 yuan, and Hafei Aviation Industry Co, which makes helicopters and regional jets, gained 3.93 percent to 30.68 yuan.
CAAC has already opened the low-altitude sky in Jilin, Guangdong and Heilongjiang provinces on a trial basis and it will add the provinces of Hunan and Hubei as well as the autonomous regions of Guangxi and Inner Mongolia to the pilot project soon, Li said.
"China will need 5,840 general planes by 2015, compared with 1,000 at present," said Zhao Xiaochuang, an analyst at Century Securities. "If the country opens low-altitude sky, the private plane industry will boom and demand of general planes will grow by 10,000 in 10 years."
Li also said that limited air space is a major factor that leads to flight delays.
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