China State Council commits to aviation infrastructure investment

Dino D'Amore
By Dino D'Amore May 10, 2016 21:04

China State Council commits to aviation infrastructure investment

The Chinese State Council Executive has committed funds of RMB 77 billion ($11.9 billion) to invest in domestic aviation infrastructure. The Civil Aviation Administration of China will focus on developing airports in rural areas. Private investment will be encouraged, which is a turnaround from the recent past where resources for transportation services were controlled by the military. The military controls 80% of the country’s airspace, which has limited the growth of the aviation industry in the city but this is about to change. Flight operations below 1,000 meters (3,300 ft) have been unrestricted since August 2014 and, under the One Belt, One Road initiative, there is a push for the airspace to be opened up more widely across the country, opening up the potential for the private aviation industry.

Dino D'Amore
By Dino D'Amore May 10, 2016 21:04