China's continuously growing aviation market has attracted global attention and provides enormous opportunities for the aviation industry worldwide, according to experts attending the fifth Zhuhai Airshow.
"In the past 50 years, traveling by air has stimulated the world economy," said Craig W. Welsh, president of International Aero Engines (IAE) Beijing office.
According to estimates from Airbus and Boeing, China will need about 1500 new aircraft by 2015. Establishing solid business relationships with China has therefore been an urgent matter for aircraft makers, engine manufacturers, and other related producers.
For China "everything is possible in the future," said Welsh. China Southern Airlines has the biggest Airbus A320 fleet in Asia.China Northern Airlines introduced the first Airbus A321 aircraft powered by V2500 engine.
China has many advantages in expanding its influence in the world aviation industry, such as economic leverage, low labor costs and strong tourism, he said.
Source: Xinhua