. Space Travel News .




.
AEROSPACE
China's aviation sector sees slower growth: report
by Staff Writers
Shanghai (AFP) Oct 20, 2011


China has slashed official forecasts for its aviation industry this year, with both passenger and cargo volume hard hit by a downturn in global and domestic demand, state media said Thursday.

China's total air passengers -- both domestic and international -- were expected to grow eight percent in 2011, slower than an originally forecast 13 percent, the China Business News said.

China's airlines transported 267 million passengers in 2010.

Air cargo is expected to be even more affected with volume remaining flat at last year's level of 5.6 million tonnes, against a previous growth estimate of 11.5 percent, the civil aviation regulator was quoted saying.

AFP calls to the regulator, the Civil Aviation Administration of China, went unanswered.

"So far this year, the international air travel market and cargo transport market suffered from weak demand, rather than the sustained boom seen last year," an unnamed industry official told the paper.

In the first nine months of this year, China's air passenger volume grew 8.8 percent year-on-year to 219 million people, while air cargo fell one percent to 4.1 million tonnes, official figures showed.

A slowdown could spell bad news for domestic airlines and the world's plane makers, which have benefited from years of break-neck growth in China.

State-run carrier China Eastern Airlines said this week that it had foregone an order for 24 Boeing 787 Dreamliners in favour of 45 737 planes, following delays in delivery of the ultra-modern Dreamliners.

Chinese airlines will add 4,583 passenger aircraft to their fleets by 2030, according to estimates given by the state-owned aeronautics giant China Aviation Industry Corporation.

The number of air passengers in China has grown on average 15.3 percent annually over the past decade -- around three times the world average for the same period, it said.

Related Links
Aerospace News at SpaceMart.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



AEROSPACE
Aircraft leasing growing in Latin America
Rio De Janeiro (UPI) Oct 18, 2011
Aircraft leasing is on the rise in Central and South America as considerations of cost, efficiency and security prompt increasing numbers of airlines to join leasing programs. Regional economic growth has boosted passenger traffic and demand for more air services has led airlines to expand operations. Airlines aiming to circumvent huge investment outlays on aircraft purchase are choosin ... read more


AEROSPACE
Final checks for first Soyuz launch from Kourou

Soyuz is put through its paces for Thursday's launch

Russia blames scientists for rocket crashes

Space Exploration Technologies Ready to Compete for Upcoming DoD Launches

AEROSPACE
Mars Landing-Site Specialist

New Mystery on Mars's Forgotten Plains

Russian scientists want to join Europe's ExoMars mission

UK Space Agency announces seed funding for Mars exploration

AEROSPACE
Subtly Shaded Map of Moon Reveals Titanium Treasure Troves

NASA's Moon Twins Going Their Own Way

Titanium treasure found on Moon

NASA Invites Students to Name Moon-Bound Spacecraft

AEROSPACE
Dwarf planet may not be bigger than Pluto

Series of bumps sent Uranus into its sideways spin

Mission to Mysterious Uranus

Spinning hourglass object may be the first of many to be discovered in the Kuiper belt

AEROSPACE
UChicago launches search for distant worlds

UChicago launches search for distant worlds

Astronomers Find Elusive Planets in Decade-Old Hubble Data

University of Texas-led Team Discovers Unusual Multi-Planet System with NASA's Kepler Spacecraft

AEROSPACE
Caltech Event Marks 75th Anniversary of JPL Rocket Tests

Russia puts new Rus-M carrier rocket project on hold

Russia to abandon rocket booster work

Pee power: Urine-loving bug churns out space fuel

AEROSPACE
China's first space lab module in good condition

Takeoff For Tiangong

Snafu as China space launch set to US patriotic song

Civilians given chance to reach for the stars

AEROSPACE
NASA's Dawn Science Team Presents Early Science Results

Amateur skywatchers help space hazards team

New View of Vesta Mountain From NASA's Dawn Mission

Almahata Sitta Meteorites Could Come From Triple Asteroid Mash-Up


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement