Service firms lay ground for air growth, THE STANDARD.

Publication: Finance Wire

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COPYRIGHT 2004 FDCH e-media

Original Source: Emerging Markets Datafile

China's fast-growing aviation market, driven by 10 per cent to 12 per cent annual growth in air travel, is attracting growing investment in the highly competitive jet maintenance sector.

Four major companies are servicing wide-body jets in this potentially enormous market.

US aerospace giant Boeing projects China's airlines will buy 1,912 new planes worth US$165 billion (HK$1.28 trillion) by 2020, making the mainland the world's second largest aviation market behind the United States at 2,300 aircraft.

Of those, the US Commerce Department expects at least 1,550 to be modern commercial planes requiring international standard parts and service.

The mainland air fleet is relatively young,...

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