Asia Pacific's first ultra-North America into the world's largest civil aviation market

[Maidian.com] benefited from the rapid recovery of the Chinese market. Last year, the Asia-Pacific region surpassed North America for the first time to become the world's largest civil aviation market. On the 1st, the International Air Transport Association (hereinafter referred to as "International Air Transport Association") refers to...

[Maidian.com] benefited from the rapid recovery of the Chinese market. Last year, the Asia-Pacific region surpassed North America for the first time to become the world's largest civil aviation market. On the 1st, the International Air Transport Association (hereinafter referred to as "International Air Transport Association") pointed out that in 2009, the Asia-Pacific region's air passenger traffic reached 647 million passengers, and North America was 638 million passengers. By 2013, the number of trips in the Asia Pacific region is expected to increase by 217 million.

In recent years, industry insiders have predicted that Asia Pacific will become the world's largest civil aviation market in the next 10 years. This prophecy is now fulfilled early. IATA also said that the global civil aviation market is expected to lose $11 billion in 2009 and the loss will be reduced to $5.6 billion in 2010. The decrease in losses was mainly attributable to the decline in losses in Asia Pacific airlines, from a loss of $3.4 billion in 2009 to a loss of $700 million in 2010. “The improvement in the Asia-Pacific market is clearly faster than in other regions,” said Isaiah’s chairman, Bisignani.

China is a major contributor to the rapid growth of the aviation market in the Asia Pacific region. In the past 10 years, China has replaced Japan as the largest market in the Asia Pacific region. According to the report of the International Air Transport Association, there are currently 1,400 aircraft in China and 540 aircraft in Japan. China's domestic market has an average weekly seating capacity of 5.7 million, compared with 2.6 million in Japan; China's international market has an average weekly seating capacity of 1.4 million and Japan's 1.3 million.

Not long ago, the latest data released at the National Civil Aviation Work Conference also showed that the number of people traveling by air in China reached 230 million last year, an increase of 19.7% over the same period of last year. This is the first time that the passenger traffic of Chinese civil aviation has exceeded 200 million. Make China the second largest airline country after passenger traffic.

In addition, IATA also said: "In the future, China and even the Asia-Pacific civil aviation market is still full of great potential." Now, in the United States, each person has an average annual seating capacity of three, that is, 900 million seats. China has a population of 1.3 billion, and the per capita seat is only 0.3; India has a population of 1.1 billion and the per capita seat is only 0.1. If the scale of travel in the Asia-Pacific region can be maintained with the United States, the global civil aviation transportation market will be expanded by three times.

However, Bisignani also analyzed at the Singapore Air Show Leaders Summit: "Overall, the civil aviation market in the Asia-Pacific region is still an opportunity and a challenge. Last year, the Asia-Pacific region was able to realize its potential because it could be in the short term. Reducing costs and improving efficiency to overcome the effects of the economic downturn. In the long run, Asia Pacific still needs to face some global challenges, such as the environment, security and freedom." (Beijing Business Daily)

Legal Services

Legal

Lei Kun International Legal Services (Hainan) Co., Ltd. , https://www.lk-legal.cn