DESCRIPTION
This updated version of Access Asia's Airlines in China comes at
a timely point in the development of China's aviation industry.
With the country about to force consolidation on its many
airlines, the introduction of fare discounting, a massive injection
EXTRACT FROM INTRODUCTION
'...Report Coverage
This report covers the market for passenger airline services in
the People's Republic of China (including Hong Kong SAR and
Macao). In order to provide a fuller understanding of the market,
company profiles are included along with a review of China's
airports.
At certain levels of analysis within the report airlines such as
Hong Kong-based Cathay Pacific and Dragonair have been
considered as well as Air Macao and other airlines that have
recently become part of China or are returning to Chinese rule in
the near future.
Executive Summary
Until the 1980s civil airline services in China were controlled by
the military. However, since responsibility was turned over to the
CAAC, the market for passenger services and airlines in China
has boomed. This boom has been driven by growing internal
demand for flight services, relaxed restrictions on international
trade, a growing tourism industry and the return of Hong Kong to
Chinese rule in 1997.
As the number of airlines has grown so China has become a
major market for the aircraft manufacturers such as Boeing and
Airbus. Leading airlines such as Cathay Pacific, Dragonair and
China Southern Airlines are listed on the stock market and
revenues have grown annually along with passenger numbers,
cargo tonnage and routes. In tandem with this growth has gone
the further development of China's aviation infrastructure with
new airports under construction and existing ones being
expanded. Growth is virtually assured as the Chinese
government has pledged to double the 1994 passenger and
cargo totals by 2000 as part of the current Ninth Five Year Plan.
China's domestic airline industry stands in stark contrast to the
rest of the Asian players. As airlines such as Singapore Air and
Thai find themselves struggling in the new economic reality,
China's skies are becoming ever more crowded with a growing
number of airlines. The current situation leaves China as the
most dynamic passenger airline market in Asia at present.
Projections of tourist numbers and new aircraft purchases
indicate that China will be a major international passenger airline
market by any international standard by early in the twenty-first
century.
...'
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