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Last updated at: (Beijing Time) Thursday, September 12, 2002

China's Aviation Reports Increased Profits

China's air industry generated profits of 480 million yuan (57.8 million US dollars) in the first eight months of the years, with passenger traffic rising 11 percent over the same period last year, according to the General Administration of Civil Aviation of China (CAAC).


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China's air industry generated profits of 480 million yuan (57.8 million US dollars) in the first eight months of the years, with passenger traffic rising 11 percent over the same period last year, according to the General Administration of Civil Aviation of China (CAAC).

China's robust air traffic growth shows its aviation industry has flown out of chronic financial trouble and people's confidencein air travel has not been dampened by the terror strikes, a CAAC official was quoted as saying in Thursday's China Daily.

The official attributed the achievement in part to the steady national economic growth and enhanced security measures.

The first eight months of the year alone saw the government invest 1 billion yuan (120 million US dollars) to aid the airlinesin updating aviation security systems, including reinforcing cockpit doors and improving safety examination equipment at airports, according to the newspaper.


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