China Airport Industry Report, 2006-2010
Along with the rapid growth of China's economy, airport construction has achieved great development during the 10th Five-Year Plan period (2001-2005). By the end of 2005, China has had 135 civil scheduled-flight airports in 133 cities. In 2005, the total passenger throughput of China reached 284.35 million person times, increased by 17.5% over the previous year; cargo and mail throughput was 6.331 million tons with a year-on-year growth of 14.6%.
Among all civil airports in China, there are 42 airports whose annual passenger throughout exceeds 1 million person times, accounting for 94.7% of total passenger throughout; there are 7 airports whose annual passenger throughout exceeds 10 million person times, accounting for 52.1% of the total; and the passenger throughput of airports in Beijing, Shanghai and Guangzhou shares 37.3% of the total. Besides, China has 39 airports whose annual cargo and mail throughout are over 10,000 tons, accounting for 98.5% of total cargo and mail throughout. And cargo and mail throughput of airports in Beijing, Shanghai and Guangzhou accounts for 56.9% of the total.
At present, the turnover of Chinese civil aviation occupies only 0.55% of the total turnover of the whole transport system, and the passenger traffic of civil aviation accounts for only about 10% of the railway passenger traffic. However, the turnover of U.S. civil aviation occupies 9.5% of the total turnover of its comprehensive transport system. With regard to the airport density, China has 1.4 airports per 100,000 km² while Japan has 23.3 airports per 100,000 km². And even in eastern China where airports are ost concentrated, there are only 4.8 airports per 100,000 km², while Xinjiang and northwest China only have 0.6 and 0.8 airport per 100,000 km² respectively.
In recent years, the reform of Chinese airport industry has made great progress. Many positive reform measures, such as localized management on airport, encouraging foreign capitals to construct airport, opening up of air freedom rights, and the reform of investment system, etc, have brought great momentum for China airport industry.
During the 11th Five-Year Plan period, China's economy will continue to keep growing, but the growth rate will slow down to some extent. Additionally, the stable growth of both internal and international trade volume will hold the mainstream, so the demand for air cargo and mail transport will continue to rise. Now as Beijing 2008 Olympics draw near, the number of overseas tourists will witness a sharp rise during 2006-2008, which will also stimulate the great demand for international flights. Therefore, China airport industry can still see huge development potentials during the 11th Five-Year Plan period.
Among all civil airports in China, there are 42 airports whose annual passenger throughout exceeds 1 million person times, accounting for 94.7% of total passenger throughout; there are 7 airports whose annual passenger throughout exceeds 10 million person times, accounting for 52.1% of the total; and the passenger throughput of airports in Beijing, Shanghai and Guangzhou shares 37.3% of the total. Besides, China has 39 airports whose annual cargo and mail throughout are over 10,000 tons, accounting for 98.5% of total cargo and mail throughout. And cargo and mail throughput of airports in Beijing, Shanghai and Guangzhou accounts for 56.9% of the total.
At present, the turnover of Chinese civil aviation occupies only 0.55% of the total turnover of the whole transport system, and the passenger traffic of civil aviation accounts for only about 10% of the railway passenger traffic. However, the turnover of U.S. civil aviation occupies 9.5% of the total turnover of its comprehensive transport system. With regard to the airport density, China has 1.4 airports per 100,000 km² while Japan has 23.3 airports per 100,000 km². And even in eastern China where airports are ost concentrated, there are only 4.8 airports per 100,000 km², while Xinjiang and northwest China only have 0.6 and 0.8 airport per 100,000 km² respectively.
In recent years, the reform of Chinese airport industry has made great progress. Many positive reform measures, such as localized management on airport, encouraging foreign capitals to construct airport, opening up of air freedom rights, and the reform of investment system, etc, have brought great momentum for China airport industry.
During the 11th Five-Year Plan period, China's economy will continue to keep growing, but the growth rate will slow down to some extent. Additionally, the stable growth of both internal and international trade volume will hold the mainstream, so the demand for air cargo and mail transport will continue to rise. Now as Beijing 2008 Olympics draw near, the number of overseas tourists will witness a sharp rise during 2006-2008, which will also stimulate the great demand for international flights. Therefore, China airport industry can still see huge development potentials during the 11th Five-Year Plan period.
1. Development environment of China airport industry during 2001-2005
1.1 Domestic economic environment
1.1.1 GDP growth trend
1.1.2 Development trend of industrial production
1.1.3 Status of fixed assets investment
1.1.4 Development trend of domestic and foreign trade
1.1.5 Residents’ income and consumption level
1.2 International economic environment
1.2.1 Overall development trend of world economy and trade
1.2.2 Economic and trade situation of China's major trade partners
1.2.3 Review of Chinese foreign trade during the 10th Five-Year plan period
1.3 Policy environment
1.3.1 Introducing private capital into airport industry
1.3.2 Continuing to deepen the reform on airport charge system
1.3.3 Localized airport management system
1.3.4 Opening up of air freedom rights
2. Review of the operation of China airport industry during 2001-2005
2.1 Cargo and mail throughput
2.1.1 Overview
2.1.2 Annual changes
2.1.3 Summary
2.2 Passenger throughput
2.2.1 Overview
2.2.2 Annual changes
2.2.3 Summary
2.3 Overall air transport
2.3.1 Air cargo transport
2.3.2 Passenger transport via civil aviation
2.3.3 Overall development of air transport
3. Development of China airport industry: challenges and reform
3.1 Key developing factors
3.1.1 Production factors
3.1.2 Demand situation
3.1.3 Related supporting industries
3.1.4 Strategy and competition structure
3.1.5 Functions of government
3.2 Comment on development status
3.2.1 Development course
3.2.2 Airport density
3.2.3 Regional distribution of airport
3.2.4 Income source of airport
3.3 Development trend of China airport industry
3.3.1 Growing travel on sightseeing and business
3.3.2 Growing demands for air cargo transport
3.3.3 More flexible models for investing and financing of civil aviation
3.3.4 Medium and small airports facing fierce competition
4. Development of China airport industry: regional contrast
4.1Yangtze river delta
4.1.1 Overview
4.1.2 Airport layout
4.1.3 Competition pattern
4.2 Pearl river delta
4.2.1 Overview
4.2.2 Competition pattern
4.2.3 Strategy orientation
4.3 Beijing-Tianjin-Hebei Regions
4.3.1 Overview
4.3.2 Airport layout
4.3.3 Competition pattern
4.4 Western China
4.4.1 Overview
4.4.2 Airport layout
4.4.3 Competition pattern
5. Development Forecast of China airport industry during the 11th Five-Year Plan period
5.1 Development environment
5.1.1 Sustainable and stable development of national economy
5.1.2 Development trend of domestic and foreign trade
5.1.3 Airport programming during the 11th Five-Year Plan period
5.1.4 Prospect of opening of air freedom rights
5.1.5 Prospect of airport charge system reform
5.2 Prospect of the transport industry during 2006-2010
5.2.1 Prospect of overall development capacity
5.2.2 Replacement of other transport ways for air transport
5.3 Prospect of market demand for civil aviation and growth of transport capacity
5.3.1 Guaranteed market demand for civil aviation
5.3.2 High growth rate of transport capacity
5.4 Growth prospect of airport industry
5.4.1 Construction goal of airport during the 11th Five-Year Plan period
5.4.2 Administration level
5.4.3 Business exploitation
5.4.4 Freight service
5.5 Forecast of major production indexes of airport industry during the 11th Five-Year Plan period
5.5.1 Forecast of airport cargo and mail throughput during 2006-2010
5.5.2 Forecast of airport passenger throughput during 2006-2010
5.5.3 Forecast of aircraft movement index during 2006-2010
6. Analysis on Chinese leading airport operators
6.1 Beijing Capital International Airport
6.1.1 Airport introduction
6.1.2 Operation and financial results
6.1.3 Competitive advantages and prospect
6.2 Shanghai Airport
6.2.1 Airport introduction
6.2.2 Operation and financial results
6.2.3 Competitive advantages and prospect
6.3 Guangzhou Baiyun International Airport Co., Ltd
6.3.1 Airport introduction
6.3.2 Operation and financial results
6.3.3 Competitive advantages and prospect
6.4 Shenzhen Airport Co., Ltd
6.4.1 Airport introduction
6.4.2 Operation and financial results
6.4.3 Competitive advantages and prospect
6.5 Chengdu Shuangliu International Airport
6.5.1 Airport introduction
6.5.2 Operation and financial results
6.5.3 Competitive advantages and prospect
7 Analysis on investment in airport industry
7.1 Major characteristics of airport industry
7.1.1 Infrastructure industry with diversified economic characteristics
7.1.2 Strong correlation between airport operations status and macro-economy
7.1.3 Interdependent relations between airport and airlines
7.1.4 Huge investment capital
7.1.5 Periodical characteristics of airport profit growth
7.2 Analysis on investment value
7.2.1 Look on airport investment value with comparative view
7.2.2 High investment value on hub-airport
7.2.3 Prospects of diversified investment of China civil airport
7.3 Analysis on investment opportunities of airport industry
7.3.1 Wide development space
7.3.2 Investment policy on airport industry
7.3.3 Development priorities of airport industry
7.4 Analysis on investment risks of airport industry
7.4.1 Risk of scale-expansion
7.4.2 Risk of economic benefits
7.4.3 Investment impulse of local government
8. Analysis on competition and development strategy of airport industry
8.1 Competition
8.1.1 Location advantage determines competitive position
8.1.2 Capital war caused by the entry of overseas airlines
8.1.3 Surge of M & A of local airports
8.2 Problems and development strategy of airport construction
8.2.1 Problems
8.2.2 Development strategy
8.2.3 Problems in the development of Chinese civil airports
8.3 Development strategy and countermeasures
8.3.1 Enlightenment of US airport management mode and suggestions
8.3.2 Thoughts on development strategy of western airports
8.33 Improving scientific decision-making ability and enhancing airport management
Tables/Figures
Nominal growth and actual growth of retail sales of consumer goods
List of current airport charged items
Cargo and mail throughput of Chinese airports, 2005
Air transport and production of China civil aviation, Sep 2006
Passenger throughput changes of Chinese and international airlines, 2001-2005
Cargo transport via civil aviation, 2000-2005
Passenger transport via civil aviation, 2000-2005
Sortie of aircraft movements of open airports in China, 2005
Number of inbound & outbound tourists in China, Mar 2006
Major airports and their grades in Yangtze River delta
Data of major airports in six areas of China, 2005
Flight composing and takeoff-landing charges-sharing proportion
Memorabilia of airport investment and financing, 2005
Operation status of four major airports in Yangtze River delta, 2004-2005
Passenger transport of branch airports in Yangtze River delta, 2002-2005
Competitiveness of airports in Beijing-Tianjin-Hebei regions, 2005
Growth forecast of main indexes of China economy, 2006-2010
Business model comparison among Hong Kong airports and mainland airports
Index forecast of cargo and mail throughput of civil airports, 2006-2010
Index forecast of passenger throughput of civil airports, 2006-2010
Index forecast of sortie of aircraft movements of civil airports, 2006-2010
Sortie of aircraft movements of Beijing Capital Airport, 2004-2005
Passenger throughput of Beijing Capital Airport, 2004-2005
Cargo and mail throughput of Beijing Capital Airport, 2004-2005
Financial results of Beijing Capital Airport, 2001-2005
Changes of operation index of Shanghai Airport, 2002-2005
Structure of prime operating revenues of Shanghai Airport
Debt paying ability of Shanghai Airport, 2004-2006
Operation efficiency of Shanghai Airport, 2004-2006
Profitability of Shanghai Airport, 2004-2006
Growth ability of Shanghai Airport, 2004-2006
Debt paying ability of Guangzhou Baiyun Airport, 2004-2006
Operation efficiency of Guangzhou Baiyun Airport, 2004-2006
Profitability of Guangzhou Baiyun Airport, 2004-2006
Growth ability of Guangzhou Baiyun Airport, 2004-2006
Forecast of operation index of Guangzhou Baiyun Airport, 2004-2006
Financial ratios of Shenzhen Airport, 2005-2006
GDP growth trend, 2001-2005
Growth of fixed assets investment, 2001-2005
Import and export trade, 2004-2005
Growth of import and export balance in China, 2005
Changes of cargo/mail throughput of Chinese airports, 2001-2005
Distribution of cargo/mail throughput by region, 2005
Changes of passenger throughput of Chinese airports, 2001-2005
Passenger throughput of Chinese airports, 2005
Distribution of airport passenger throughput, 2005
Growth rate of total import & export value and air cargo throughput in China
Profit source of cargo transport
Percentage of public travel and leisure travel
Growth forecast of the number of civil aircrafts in China
Linear regression model of passenger throughput of civil airports in China
Contrast of passenger throughput of Beijing Capital Airport, 2004 & 2005
Contrast of cargo throughput of Beijing Capital Airport, 2004 & 2005
Proportion of domestic and foreign flights in Pudong and Baiyun airports
Growth changes of passenger throughput of Chengdu airport, 2000-2005
Growth changes of cargo and mail throughput of Chengdu airport, 2000-2005
Growth changes of sortie of aircraft movements of Chengdu airport, 2000-2005
Cycle diagram of airport profit making
Sketch map of airport profit-making cycle
1.1 Domestic economic environment
1.1.1 GDP growth trend
1.1.2 Development trend of industrial production
1.1.3 Status of fixed assets investment
1.1.4 Development trend of domestic and foreign trade
1.1.5 Residents’ income and consumption level
1.2 International economic environment
1.2.1 Overall development trend of world economy and trade
1.2.2 Economic and trade situation of China's major trade partners
1.2.3 Review of Chinese foreign trade during the 10th Five-Year plan period
1.3 Policy environment
1.3.1 Introducing private capital into airport industry
1.3.2 Continuing to deepen the reform on airport charge system
1.3.3 Localized airport management system
1.3.4 Opening up of air freedom rights
2. Review of the operation of China airport industry during 2001-2005
2.1 Cargo and mail throughput
2.1.1 Overview
2.1.2 Annual changes
2.1.3 Summary
2.2 Passenger throughput
2.2.1 Overview
2.2.2 Annual changes
2.2.3 Summary
2.3 Overall air transport
2.3.1 Air cargo transport
2.3.2 Passenger transport via civil aviation
2.3.3 Overall development of air transport
3. Development of China airport industry: challenges and reform
3.1 Key developing factors
3.1.1 Production factors
3.1.2 Demand situation
3.1.3 Related supporting industries
3.1.4 Strategy and competition structure
3.1.5 Functions of government
3.2 Comment on development status
3.2.1 Development course
3.2.2 Airport density
3.2.3 Regional distribution of airport
3.2.4 Income source of airport
3.3 Development trend of China airport industry
3.3.1 Growing travel on sightseeing and business
3.3.2 Growing demands for air cargo transport
3.3.3 More flexible models for investing and financing of civil aviation
3.3.4 Medium and small airports facing fierce competition
4. Development of China airport industry: regional contrast
4.1Yangtze river delta
4.1.1 Overview
4.1.2 Airport layout
4.1.3 Competition pattern
4.2 Pearl river delta
4.2.1 Overview
4.2.2 Competition pattern
4.2.3 Strategy orientation
4.3 Beijing-Tianjin-Hebei Regions
4.3.1 Overview
4.3.2 Airport layout
4.3.3 Competition pattern
4.4 Western China
4.4.1 Overview
4.4.2 Airport layout
4.4.3 Competition pattern
5. Development Forecast of China airport industry during the 11th Five-Year Plan period
5.1 Development environment
5.1.1 Sustainable and stable development of national economy
5.1.2 Development trend of domestic and foreign trade
5.1.3 Airport programming during the 11th Five-Year Plan period
5.1.4 Prospect of opening of air freedom rights
5.1.5 Prospect of airport charge system reform
5.2 Prospect of the transport industry during 2006-2010
5.2.1 Prospect of overall development capacity
5.2.2 Replacement of other transport ways for air transport
5.3 Prospect of market demand for civil aviation and growth of transport capacity
5.3.1 Guaranteed market demand for civil aviation
5.3.2 High growth rate of transport capacity
5.4 Growth prospect of airport industry
5.4.1 Construction goal of airport during the 11th Five-Year Plan period
5.4.2 Administration level
5.4.3 Business exploitation
5.4.4 Freight service
5.5 Forecast of major production indexes of airport industry during the 11th Five-Year Plan period
5.5.1 Forecast of airport cargo and mail throughput during 2006-2010
5.5.2 Forecast of airport passenger throughput during 2006-2010
5.5.3 Forecast of aircraft movement index during 2006-2010
6. Analysis on Chinese leading airport operators
6.1 Beijing Capital International Airport
6.1.1 Airport introduction
6.1.2 Operation and financial results
6.1.3 Competitive advantages and prospect
6.2 Shanghai Airport
6.2.1 Airport introduction
6.2.2 Operation and financial results
6.2.3 Competitive advantages and prospect
6.3 Guangzhou Baiyun International Airport Co., Ltd
6.3.1 Airport introduction
6.3.2 Operation and financial results
6.3.3 Competitive advantages and prospect
6.4 Shenzhen Airport Co., Ltd
6.4.1 Airport introduction
6.4.2 Operation and financial results
6.4.3 Competitive advantages and prospect
6.5 Chengdu Shuangliu International Airport
6.5.1 Airport introduction
6.5.2 Operation and financial results
6.5.3 Competitive advantages and prospect
7 Analysis on investment in airport industry
7.1 Major characteristics of airport industry
7.1.1 Infrastructure industry with diversified economic characteristics
7.1.2 Strong correlation between airport operations status and macro-economy
7.1.3 Interdependent relations between airport and airlines
7.1.4 Huge investment capital
7.1.5 Periodical characteristics of airport profit growth
7.2 Analysis on investment value
7.2.1 Look on airport investment value with comparative view
7.2.2 High investment value on hub-airport
7.2.3 Prospects of diversified investment of China civil airport
7.3 Analysis on investment opportunities of airport industry
7.3.1 Wide development space
7.3.2 Investment policy on airport industry
7.3.3 Development priorities of airport industry
7.4 Analysis on investment risks of airport industry
7.4.1 Risk of scale-expansion
7.4.2 Risk of economic benefits
7.4.3 Investment impulse of local government
8. Analysis on competition and development strategy of airport industry
8.1 Competition
8.1.1 Location advantage determines competitive position
8.1.2 Capital war caused by the entry of overseas airlines
8.1.3 Surge of M & A of local airports
8.2 Problems and development strategy of airport construction
8.2.1 Problems
8.2.2 Development strategy
8.2.3 Problems in the development of Chinese civil airports
8.3 Development strategy and countermeasures
8.3.1 Enlightenment of US airport management mode and suggestions
8.3.2 Thoughts on development strategy of western airports
8.33 Improving scientific decision-making ability and enhancing airport management
Tables/Figures
Nominal growth and actual growth of retail sales of consumer goods
List of current airport charged items
Cargo and mail throughput of Chinese airports, 2005
Air transport and production of China civil aviation, Sep 2006
Passenger throughput changes of Chinese and international airlines, 2001-2005
Cargo transport via civil aviation, 2000-2005
Passenger transport via civil aviation, 2000-2005
Sortie of aircraft movements of open airports in China, 2005
Number of inbound & outbound tourists in China, Mar 2006
Major airports and their grades in Yangtze River delta
Data of major airports in six areas of China, 2005
Flight composing and takeoff-landing charges-sharing proportion
Memorabilia of airport investment and financing, 2005
Operation status of four major airports in Yangtze River delta, 2004-2005
Passenger transport of branch airports in Yangtze River delta, 2002-2005
Competitiveness of airports in Beijing-Tianjin-Hebei regions, 2005
Growth forecast of main indexes of China economy, 2006-2010
Business model comparison among Hong Kong airports and mainland airports
Index forecast of cargo and mail throughput of civil airports, 2006-2010
Index forecast of passenger throughput of civil airports, 2006-2010
Index forecast of sortie of aircraft movements of civil airports, 2006-2010
Sortie of aircraft movements of Beijing Capital Airport, 2004-2005
Passenger throughput of Beijing Capital Airport, 2004-2005
Cargo and mail throughput of Beijing Capital Airport, 2004-2005
Financial results of Beijing Capital Airport, 2001-2005
Changes of operation index of Shanghai Airport, 2002-2005
Structure of prime operating revenues of Shanghai Airport
Debt paying ability of Shanghai Airport, 2004-2006
Operation efficiency of Shanghai Airport, 2004-2006
Profitability of Shanghai Airport, 2004-2006
Growth ability of Shanghai Airport, 2004-2006
Debt paying ability of Guangzhou Baiyun Airport, 2004-2006
Operation efficiency of Guangzhou Baiyun Airport, 2004-2006
Profitability of Guangzhou Baiyun Airport, 2004-2006
Growth ability of Guangzhou Baiyun Airport, 2004-2006
Forecast of operation index of Guangzhou Baiyun Airport, 2004-2006
Financial ratios of Shenzhen Airport, 2005-2006
GDP growth trend, 2001-2005
Growth of fixed assets investment, 2001-2005
Import and export trade, 2004-2005
Growth of import and export balance in China, 2005
Changes of cargo/mail throughput of Chinese airports, 2001-2005
Distribution of cargo/mail throughput by region, 2005
Changes of passenger throughput of Chinese airports, 2001-2005
Passenger throughput of Chinese airports, 2005
Distribution of airport passenger throughput, 2005
Growth rate of total import & export value and air cargo throughput in China
Profit source of cargo transport
Percentage of public travel and leisure travel
Growth forecast of the number of civil aircrafts in China
Linear regression model of passenger throughput of civil airports in China
Contrast of passenger throughput of Beijing Capital Airport, 2004 & 2005
Contrast of cargo throughput of Beijing Capital Airport, 2004 & 2005
Proportion of domestic and foreign flights in Pudong and Baiyun airports
Growth changes of passenger throughput of Chengdu airport, 2000-2005
Growth changes of cargo and mail throughput of Chengdu airport, 2000-2005
Growth changes of sortie of aircraft movements of Chengdu airport, 2000-2005
Cycle diagram of airport profit making
Sketch map of airport profit-making cycle
