Airbus eyes bigger presence in rapidly-growing Chinese market

Updated 2017-09-20 09:30:59 Xinhua

Airbus has planned to channel more energy into tapping the potential of the Chinese market, counting on the rapidly-growing emerging economy to bring fresh opportunities.

"We are fully confident in the Chinese market, which is set to be the largest civil aviation market in the world," Eric Chen, president of Airbus Commercial Aircraft China, said Tuesday at an aviation expo in Beijing.

The aircraft manufacturer predicts the aviation sector in China and other emerging regions will double the pace of mature markets of North America and Western Europe in the next decades.

"Chinese travelers on average took only 0.4 flights in 2016, a quarter of the United States. But China has a population more than four times the latter," Chen said, pointing to enormous room for growth.

More than 50 million international trips were made by Chinese last year, up 22.7 percent from 2015. Chen expects the high growth rate to continue in the future.

The Belt and Road Initiative will create new chances for the sector, Chen said.

"We are committed to the long-term development of the Chinese aviation industry," Chen said, adding that the company has expanded cooperation with Chinese firms in areas including aeronautic manufacturing, air traffic management, and research and technology.

Airbus has five joint ventures in China, covering training and support, engineering, final assembly and composite manufacturing. New industrial cooperation worth 500 million U.S. dollars was reached in 2015 and Airbus believes the figure will hit one billion dollars by 2020.

China introduced the first Airbus aircraft in 1985. Now nearly 1,500 are being operated by Chinese airlines, accounting for around half of the total fleet of aircraft over 100 seats in the country.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58February 23 2019 12:36:34

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16February 23 2019 12:36:34

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18February 23 2019 12:36:34

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords