CHICAGO, April 11, 2012 /PRNewswire/ -- OAG, the global leader in aviation intelligence and a UBM Aviation brand, today released the latest in its series of Aviation Market Reports. With Beijing airport poised to claim the number one airport position within the next 12 months, this timely new report explores how the exponential GDP growth within China is reflected in its rapidly expanding aviation market and its ever evolving airports.
As China returns to its historic position as one of the top two global economies, we can see first-hand how a developing aviation infrastructure is enabling the aspirations of an increasingly upwardly-mobile population to be realised. In tandem with this increased passenger demand upon the airlines, is the evolution of China's airports. With all of the top 20 cities in China having a population of over 3 million (compared to just 2 cities over 3 million in the US), the growth over the last decade within the airports sector looks set to continue if the Chinese people's insatiable travel demands are to be met.
Beijing dominates the Chinese aviation landscape and although it is set this year to claim the top airport position from Atlanta, the evolution has only just begun. By the end of 2015 the Chinese capital will be the world's busiest hub. "This is an exciting time in China and the Asia region for the aviation industry," said Mario Hardy VP Asia, OAG. "The planned airport growth in China over the next ten years, to meet the forecast tenfold increase in demand, is simply staggering. Nowhere is this better represented than the construction of the new mega-airport in Beijing with its nine runways enabling it to handle up to 200 million passengers a year."
The detailed review of the evolution of China's airports is available for free download now at www.oagaviation.com/cae.
Notes to Editors:
- OAG, a UBM Aviation brand, is the trusted source for aviation information and analytical services. Our leading aviation databases unrivalled in their scale, accuracy and comprehensiveness are integral to the worlds' aviation industry operations. For more information, visit www.oag.com.
- UBM Aviation, a UBM plc company, is the pioneer of innovative market leading aviation solutions. Our instantly recognisable brands provide the data, analysis, events, media and consultancy services that drive air service development and financial growth for our customers' businesses. For more information, visit www.ubmaviation.com.