Possible 645 billion Chinese aviation investment
09 / 12 / 2008
CHINA’S aviation regulator is to recommend that the government should invest US$65.4 billion into the country’s aviation industry.
Liu Shaocheng, the director of the policy research department of the Civil Aviation Administration of China (CAAC), said that the infrastructure investment would lower airport taxes, cut jet fuel prices and encourage carriers to terminate their leasing contracts.
The investment would also go directly to the country’s three main carriers that the government directly manages: Air China, China Eastern Airlines and China Southern Airlines.
The regulator is also considering a temporary ban on purchases of new aircraft in the next few years.
CAAC is also considering a ban on buying any new aircraft for the next few years