Dec 27 - CAAC: Steady Growth in China’s Civil Aviation This Year

Source: Caijing, ChinaScope Financial (Data)

+   China’s civil aviation industry is expected to record 5.1% growth in net profit, or CNY 45.6 billion this year. The annual passenger turnover will be over 290 million people, a 8.2% year-on-year increase.

+   LI Jun, Deputy Chief of the Civil Aviation Administration of China (CAAC), said the regulator will adhere to a moderate policy in capacity expansion, and add less than 150 transport aircrafts next year.

+   Statistics from the CAAC show that China currently has 1,745 transport aircrafts and 46 airlines. There are 27,569 pilots with valid licenses in the entire industry, 25,853 of which are Chinese citizens.

+   Related Data: Aircraft Delivery, Turnover of Freight and Passenger, Trading Comparable of Airline Companies

+   Related Companies: Air China (HKEX:0753), Air China (SSE:601111), China Eastern Airlines (HKEX:0670), China Southern Airlines (HKEX:1055), China Southern Airlines (SSE:600029), Hainan Airlines (SSE:600221)

China's civil aviation capacity is boosted by imported aircrafts from Boeing and Airbus.

The turnover of freight and passenger slow down late this year.

Trading Comparable

Other News Headlines

• CAAC: Steady Growth in China’s Civil Aviation This Year
• China’s Textile Export Slowed Down in Nov.
• 2011 Gross Ocean Product Reach CNY 4.3 Trillion
• Metersbonwe Faces High Inventory Pressure
• Ministry of Finance: More Funds to Support Agriculture and Rural Areas in 2012

If you'd like to receive a daily e-mail update of ChinaScope Daily Dim Sum Newsletter, please contact us: newsletter@chinascopefinancial.com. If you'd like to try out ChinaScope Database, apply for a trial here.