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China to become the world's second largest aviation market
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16:55, May 08, 2008

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China's air passenger traffic will grow five times and the air cargo will rise six times from 2008 to 2026, according to a forecast for the global aviation market recently released by Airbus Co., Ltd .

The Chinese mainland will need to add more than 2,800 passenger aircraft and cargo aircraft with a total value of more than 329 billion U.S. dollars, meaning a three-time increase in the number of passenger aircraft and 11-fold increase in the number of cargo aircraft.

The additional aircraft needed by the Chinese mainland will take up 11.6% of the global passenger and cargo aircraft demand (24,000) for the same period. This will make China the second largest aviation market right behind the U.S.

According to this forecast, the additional aircraft in the Chinese mainland will include 1900 single-aisle aircraft, about 700 twin-aisle aircraft and 190 super large aircraft.

By People's Daily Online

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