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China’s Expanding Aviation Market and Opportunities
China’s civil aviation sector has undergone significant development in the last two decades and continues on a fast-paced growth trajectory. Sustained economic growth and increasingly high tourism rates have further driven the need for infrastructure development and capacity building in its aviation sector. China became the second largest aviation market in the world during the period of the 11th Five Year Plan (2006-2010), with passenger capacity of airliners increasing by 95 percent. The number of airports serviced by scheduled airlines is expected to increase from 186 to 260 by 2015 and senior officials from the Civil Aviation Administration of China (CAAC) said recently that China will build 56 more airports during the next five years to expand airport capacity. Additionally, the Chinese aircraft fleet will increase four times by 2026, reaching nearly 4,460 planes. In the next 20 years, Boeing estimates that China will invest about $390 billion to purchase 3,710 new aircraft. CAAC estimates that the average growth rate for the Chinese aviation industry will be 11 percent for the following decade. Overall, CAAC also announced that investment in China’s aviation industry is likely to reach about $230 billion in the next five years.
The 2011 U.S.-China Aviation Summit will serve as a technical, policy and commercial summit to assist CAAC and other Chinese aviation industry representatives in identifying and specifying advanced U.S. technology that would best suit its infrastructure modernization needs. Topics at the summit will include emissions reduction, aviation/airport energy efficiency, air traffic management and safety, air traffic control capacity and efficiency, air navigation and communications systems, airspace architecture, air cargo infrastructure, airport and aircraft security, airport development and general aviation.
To facilitate a high-level meeting and promote constructive dialogue among China, the U.S. government and the aviation industry, the U.S. Trade and Development Agency (USTDA) and CAAC, in cooperation with the U.S.-China Aviation Cooperation Program, U.S. Department of Transportation/Federal Aviation Administration, U.S. Department of Commerce, and U.S. Department of State, will sponsor an aviation summit September 25-27, 2011, at the Walter E. Washington Convention Center in Washington, D.C.
The 2011 summit will build upon previous highly successful aviation summits held approximately every two years in both the United States and China over the past decade. The summit will serve as an impetus to facilitate the sale of U.S. equipment and services in an increasingly competitive Chinese aviation market. The purpose of this summit is to promote specific commercial opportunities for U.S. businesses, expand overall trade opportunities in China, and introduce U.S. security and safety technologies and operations that can improve immediate and long-term China aviation interests. Equally important, the summit will offer valuable networking opportunities for U.S. and Chinese airport and aviation officials to discuss challenges facing the airport management profession in China and the U.S.