Boeing has projected a demand for 7,240 new airplanes in China over the next 20 years - valued at nearly $1.1 trillion dollars. The company’s annual China Current Market Outlook was released today in Beijing, with total airplane demand rising 6.3 percent over last year’s forecast.
China Aviation Supplies has signed an agreement with Airbus for the acquisition of 30 A330 Family aircraft and 100 A320 Family aircraft. The 30 A330s are the firm up of the commitment signed in June 2015. The GTA was signed in Beijing by Li Hai, president of CAS, and Fabrice Brégier, president of Airbus, in the presence of Chinese premier Li Keqiang and visiting German chancellor Angela Merkel.
Visitors to Beijing will be offered 72-hour visa-free stays from January 1st, 2013. Guests from 45 countries, who are in possession of outbound air tickets, will be able to visit the country under the new policy.
The European Union’s Emissions Trading Scheme is likely to face its sternest test to date with China having banned all airlines for participating. The scheme is designed to levy a charge on flights in EU airspace based on carbon emissions.
Officials in China have confirmed they will reform the mechanism for pricing ex-refinery jet fuel in the country in an attempt to more closely mirror market movements. According to the National Development & Reform Commission (NDRC) ex-refinery prices will be adjusted once a month from August and will be based on post-tax import costs for the fuel plus a premium.
China is building a replica of an idyllic Austrian alpine village in a rundown industrial estate. The village will be a £5.7billion carbon copy of Hallstatt, a UNESCO World Heritage site, complete with artificial lake. Posing as tourists, the Chinese have been photographing every building there for three years, and the plan was only discovered when a guest left blueprints behind.
After decades of heavy restrictions, China has decided to lift restrictions on private aviation. The new legislation is expected to provide a major boost in sales of private jets and helicopters, as Chinese millionaires look for the ultimate way “to show off” their new-found wealth.
Rapid growth in the Chinese hotel sector was reversed during 2009, with the economic downturn largely to blame. Data from STR Global find the revenue per available room (RevPAR) achieved by Chinese hotels fell by 26.2 percent during 2009 when compared with a year ago – underlining their poor performance.
Online travel penetration in China will increase to 14%. China Travel Market Analysis from PhoCusWright’s Asia Pacific Online Travel Overview