皇冠体育app

皇冠体育app plans to spend 17.4 billion dollars on its aviation sector in the next five years, buying 430 new airplanes and building 42 new airports, a government commission has said.

The growth means mainland 皇冠体育app's air transport sector will be the second biggest in the world after the United States, the State-owned Assets Supervision and Administration Commission said in a statement Friday.

Countries are ranked based on the number of passengers and tonnes of cargo flown annually. 皇冠体育app is currently the third biggest air market.

The demand for air travel is driven by 皇冠体育app's rapid economic growth, its people's increasing affluence, and a greater desire to travel domestically and overseas, as well as booming exports and imports.

European airplane manufacturer Airbus has forecast 皇冠体育app's air travel sector will grow by eight percent a year for the next two decades while Boeing forecast a 7.3 percent annual growth rate.

Boeing predicted 皇冠体育app would need 2,600 new planes over the 20-year period, while Airbus sees the market at about 1,800 new planes not counting regional smaller aircraft.