| China is the fastest growing aviation market | | | | altogether. According to freight industry |
| in the world thanks to the expansion of its | | | | experts, air freight cargo volumes are |
| air freight and air passenger industries. | | | | anticipated to rise by 10% in 2006. If it |
| With air freight growth volumes predicted to | | | | does so, China's air freight volume will be |
| drop off this year, how will the country's | | | | 3.36 million tons.Similarly, air passenger |
| significance in the aviation market be | | | | numbers are also likely to increase. China's |
| affected?The growth of China's air freight | | | | aviation regulator estimates that air |
| industry has led to a surge in the Asian | | | | passenger number swill increase by 15%. This |
| cargo business over the last few years. This | | | | will mean that 159 million people will travel |
| is reflected in the fact that air freight | | | | by air out of China in 2006.The continued |
| from Asia to Dallas Fort Worth airport (which | | | | growth of China's air freight and air |
| is the leader in Asian cargo in the eastern | | | | passenger volumes is relevant to the country |
| and southern U.S) increased by 42% in | | | | as it is the fastest growing aviation market |
| 2004.However, it is expected that China's air | | | | in the world today. As a result China is an |
| freight volume growth will ease off this | | | | important battleground between Boeing and |
| year. This will happen as the market returns | | | | Airbus.Boeing has entered into discussions |
| to a more stable expansion pace after the | | | | with China to supply the country with 150 |
| post SARS (Severe Acute Respiratory Syndrome) | | | | jets. Whilst Airbus has signed a deal with |
| rebound in 2004 and 5.In 2004 and 2005, | | | | China to supply 150 A320 jets to it. As a |
| China's air freight volume increased by 25% | | | | result China's role in the global aviation |
| and 20% respectively. Passenger traffic also | | | | market is likely to remain very significant |
| grew at this time; by 33% in 2004 and by 20% | | | | despite a slight slow down in its air freight |
| in 2005. This was as a result of people | | | | industry's growth rate.GBS Freight provides |
| taking to the skies following the outbreak of | | | | the following services: |
| SARS in the region.Although the growth rate | | | | |
| of China's air freight business is expected | | | | Air Freight. |
| to ease off this year, it will not halt | | | | |