The
growth potential for Asia Pacific
Aviation is very bright.
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Driven by the emergence of new low-cost carriers (LCC) and rising income levels, the Asia Pacific region is set to emerge as the world's fastest growing aviation market. The International Air Transport Association (IATA) expects Asian passenger traffic and cargo traffic to grow at 6.5% and 8.5% p.a. respectively up till 2009.
The Association
for Asia Pacific Aviation forecast
that Asia Pacific's share of the
world passenger traffic is set to
increase from the current 25% to
31% by 2023.
According to Frost & Sullivan's
World Aircraft Leasing Industry
Analysis and Growth Opportunities
report, adoption of the open sky
policy by China and India has provided
a massive boost to the commercial
aviation sector in the Asia Pacific
region, with the portfolio size
of leased aircraft projected to
reach $143.93 billion by 2008.
Chinese aviation officials
signed a deal on Tuesday to buy
80 Boeing 737 planes in an order
worth USD$4.6 billion at list prices.
Reuters
April 12, 2006
With official
support from the Civil Aviation
Administration of China (CAAC),
Asian Aerospace will invite and
host the top aviation officials
from China to attend the event.
The event will deliver a targeted
group of buyers and specifiers from
all sectors of the commercial aerospace
scene ¨C from scheduled airlines,
regional airlines, low cost carriers
to cargo airlines as well as airport
authorities, airport managers, business
aircraft operators, helicopter operators,
airframe and systems manufacturers,
government regulatory bodies and
aviation service providers.
"There
is a huge market potential. We think
China is the right partner with
which to tackle the next 20 to 30
years"
Noel Forgeard
Co Chief Executive
EADS
(China currently represents around
20% of Airbus' global business)
"China's
corporate jet fleet is set to more
than double following orders for
three Airbus Corporate Jetliners
(ACJ) and one Gulfstream G200."
Flight International
13 December 2005
¡.
China must invest heavily
in infrastructure and people
to support these growth numbers
¡.
If statistics are anything
to go by, it is evident that
China is THE market for aviation.
Deliveries to China are set
to average 2.8 aircraft per
week for the next 20 years.
Chinese domestic passenger
numbers are forecast to rise
from 220 million to 950 million
by 2020.
Exhibit at AA07 and stake
your claim on Asia-Pacific
including India and China
¨C home to the world's third
largest industry in terms
of freight traffic in 2004,
behind the USA and only narrowly
behind Japan. |
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