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Research and Markets: Airbus Has Forecast That China's Aviation Market Would Need About 2,650 New Passenger Jets by 2025, Worth Approximately US$289 Billion

Business Wire, Oct 20, 2008

DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/research/7302c5/asiapacific_aviat) has announced the addition of the "Asia-Pacific Aviation Sectors: A Company and Industry Analysis (March 2008)" report to their offering.

This report updates the previous Asia-Pacific aviation report, focusing on the markets in Australia, China, Hong Kong, Japan, Malaysia and Singapore

Current Environment - Key Points

- Further liberalization in the aviation sector has opened up new growth opportunities for Asian carriers

- Passenger traffic in the Asia-Pacific increased by 7.3% year-on-year in the first ten months of 2007, according to the International Air Transport Association (IATA)

- Vietnam and South Korea opened up their domestic aviation markets to more foreign airline operations

- An average of the stock prices of eight Asia-Pacific airlines tracked by Mergent rose by 8.1% in the July-September 2007 period

- Asia-Pacific airlines continued to reap the benefits of restructuring efforts

Yields and revenue growth outpaced increases in expenditure at most airlines

- Singapore inked an open skies deal with the UK in October 2007 that removed all restrictions on air services between the two countries

- Oneworld, SkyTeam and Star Alliance expanded their networks in China

Industry Profile - Key Points

- The top six airline groups ranked by revenues in the Asia-Pacific are Japan Airlines, All Nippon Airways, Qantas Airways, Singapore Airlines, Korean Air and Cathay Pacific, according to a Mergent analysis

- The Asia-Pacific's five largest airlines in terms of passenger traffic employed 137,951 people in 2006

Their combined fleet totaled 830 aircraft

- Airlines are constantly placing new orders for aircraft to keep pace with rising demand

Some purchase new planes to replace older models, while others vie for industry accolades for operating the greenest fleet

- Airbus has forecast that China's aviation market would need about 2,650 new passenger jets by 2025, worth approximately US$289 billion

- Restrictions on liquids, aerosols and gels have been introduced across the Asia-Pacific, in response to the threat posed by liquid explosives

Market Trends and Outlook - Key Points

- Boeing expects China's domestic air travel market to grow nearly five-fold, from under one fifth the size of the North American domestic market now, to over half its size by 2026

- US airlines are expected to penetrate the Chinese market with more destinations and landing slots

- Low-cost carriers will continue to expand their reach in the Asia-Pacific, as economic growth in the region enables more people to fly

- The Centre for Asia-Pacific Aviation estimates that India will need around 4,500 new pilots by 2012, while China's civil aviation industry is expected to need around 5,000 pilots by 2012

- IATA has projected total worldwide industry profit of approximately US$5 billion for 2008.

Key Topics Covered:

Current Environment - Sector Overview - Sector Performance - Leading Players - Mergers, Acquisitions and Alliances Industry Profile - Industry Size and Value - Fleet Purchases - Policy and Regulatory Environment Market Trends and Outlook - Eyes Turn to China - Low-Cost Sector Set to Boom - Pilot Shortage Continues - Market Outlook Country Profiles - Australia - China - Hong Kong - Japan - Malaysia - Singapore Currency Conversion Table The Scope of this Report Key References Comparative Data Reports Coverage

For more information visit http://www.researchandmarkets.com/research/7302c5/asiapacific_aviat.>