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New Airports
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Livermore
Master |
28-Jan-2008 19:25
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They have increased their China market share. I believe the other region where we will see more demand for air travel is in the Middel East. They have amassed a huge fortune from high oil prices | ||
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davidheng
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28-Jan-2008 15:11
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From Yahoo Finance.Saturday January 26, 1:26 PM China to build 97 new airports by 2020China announced plans Saturday to build nearly 100 new airports by 2020 to cater for soaring demand. The proposals will mean eight out of every ten residents will live within 100 kilometres (60 miles) of an airport within 12 years, the General Administration of Civil Aviation said.
Air traffic volume rose 16 percent to 185 million passengers in 2007, according to official figures. The General Administration predicts passenger traffic will grow by 11.4 percent a year between now and 2020, and freight traffic by 14 percent. The number of airports serving more than 30 million passengers a year will rise from three now to 13, it said. |
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