ATC Avia - China Invests in Airport Construction

Civil Aviation Administration of China reports to launch major airport construction and modernization program. The sum of investment is said to reach 30 billion CNY. “The efficiency of our investment in civil aviation development will result in 8 times bigger profits, it’s a great incentive to regional development” mentions Administration’s expert. Money is planned to be invested in construction and renovation of western China’s Kunming, Nanning, Chongqing cities, Guangxi and Yunnan provinces’ airports. Middle-scale airports, able to accept aircrafts not bigger than B737 will be built there.

2008 China’s total amount of investment in civil aviation will reach 100 billion CNY. Big airports of Chengdu, Xian, Guangzhou, able to accept all types of aircrafts, will be renovated in 2009. Moreover, Government plans to invest 200 billion CNY in building 40 new local airports around China in 2009.

China Central Government Regular Council’s November 9 session worked out a list of 10 measures to raise domestic demand and support steady economic growth. Branch offices turn these plans into real numbers. Huge government investments are planned to favor stability in a number of economic sectors.

12/24/2008 United Eagle Airlines owe Sichuan Airports 30 million CNY

Company’s debt to Sichuan province’s airports in the period from March 2007 to October 2008 reached 30.45 million Chinese Yuan, which is 90% from the total volume of the airports’ service for the Airlines.

12/16/2008 HKIA Records Further Decline in Air Traffic

14 December 2008. Hong Kong International Airport (HKIA) announced figures that showed a continuing fall in cargo and passenger volume in November. Hong Kong International Airport handled 3.8 million passengers and 296,000 tonnes of cargo in November 2008, representing a year-on-year drop of 5.6% and 18.7% respectively. Air traffic movements fell 1.3% from November 2007 to 24,815.

12/15/2008 First charter flight linking Taiwan and mainland China launched today

As a result of the agreement between Chinese and Taiwanese two parties’ development foundations, signed in November 2008, the so called “three communication lines” program was launched on December 15.

12/11/2008 China's first private carrier suspends passenger flights

One of China's private airlines has suspended passenger flights due to financial and management problems, state media reported on Saturday, the latest victim of the global economic crisis.

12/4/2008 Direct Charter flights connecting Taiwan with Mainland launch December 15

Taiwanese “China Airlines” reports to launch charter flights, linking Taiwan with continental China. First flight will be operated on December 15 at the latest. This is the first carrier to launch such flights so far.