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China’s air transport industry achieves operating revenue of $128b in 2018

Updated: Jan 10,2019 6:58 PM     Xinhua

BEIJING — China’s air transport industry realized a gross operating revenue of 875 billion yuan (about $128.4 billion) in 2018, a 17 percent year-on-year increase, according to the Civil Aviation Administration of China (CAAC) on Jan 10.

In 2018, the air transport industry of China completed the fixed asset investment of 81 billion yuan (about $11.9 billion).

By the end of 2018, China had a total of 235 civil transport airports, among which nine were newly built or relocated that very year.

China is one of the most dynamic civil aviation markets worldwide. It is now the world’s second largest civil aviation market and boosts global aviation growth.

According to the forecast of the International Air Transport Association, China is expected to become the world’s largest civil aviation market between 2024 and 2025.