Friday, May 12, 2006

China to open 48 new airports

BEIJING - China plans to open 48 new airports over the next five years as it sharply boosts investment in air travel amid surging passenger traffic, a government newspaper reported Tuesday.

With passenger numbers forecast to grow by 14 percent annually, Beijing plans to spend 140 billion ($17.5 billion) on airports by 2010, more than it spent in the previous 15 years, the China Daily said.

It will increase the number of airports from 142 to 190 by 2010, and then to 220 by 2020, the report said, citing Zhao Hongyuan, an official of the Civil Aviation Administration of China.

China has the world's fastest-growing air travel industry, and foreign suppliers of aircraft and other equipment are looking to it to drive sales as growth in established markets slows.

2 comments:

yellowdoggranny said...

did they send all the american companies that moved their business's to china free air fare for life...should...they are part of the reason for the surge..fuckers..

dom said...

YOu mean like Reebok & Nike who get their T-shirts made in China for 3c each then sell them for $30 ?