the Chinese economy will grow 5.6 percent and that passenger
traffic will grow 6.6 percent and air cargo, 7 percent.
DOMESTIC AND REGIONAL GROWTH HELPING
DRIVE SINGLE-AISLE DEMAND
Growth in China’s domestic and regional markets has stimulated
In addition, new carriers, and domestic initiatives, are stimulating
point-to-point travel. Over the past five years, airline capacity
has grown more than 20 percent annually. Capacity for flights
between or into the golden triangle (Beijing, Shanghai, and
Guangzhou) and between metro airports with traffic of at least
10 million passengers has increased nearly 8 percent
annually. Also, established Chinese airlines continue to
grow their share of flights to such destinations as Northeast
Asia, Southeast Asia, South Asia, and Oceania. Chinese airlines
are now providing 54 percent of total capacity. As the
market continues to grow, airlines in China will need 4,630
new single-aisle airplanes, valued at $490 billion