Chinese Airport expansion

China will add more than 45 airports over the next five years, bringing the total to more than 220, despite the dire financial situation of many regional airports.  This is according to a report by the country's top aviation regulator.

China is in the midst of a major airport expansion, planning four major hubs in the country and developing aviation links to its poorer and more remote regions in the far west.

But many of these new airports have struggled to attract customers and languish with just a few flights a week, or none at all.  Out of the country's existing 175 airports, around 130 are in the red.  In the period to 2015, Beijing will invest 1.5 trillion yuan (about US$230bn) in the aviation sector.

Air travel is developing rapidly in China with the combined fleet size of Chinese airlines expected to jump to around 5,000 aircraft by of 2015, up from a current 2,600 units.  Out of China's 43 carriers, 35 are state-controlled. http://uk.reuters.com

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