Market Growth

A Market for Opportunity:
China’s economy continues to expand and the aviation and aerospace remains a powerful force of this growth.

• Commercial: To meet demand, China will need to add 2,8000 aircraft, 200 airports and 40,000 pilots
• MRO: Asian carriers represent 25% global demand for MRO – sector will reach $16 Bil by 2014 at an average growth rate of 7.5%
• Infrastructure: An average of 4 airports/year will be constructed or modernized over the next 10 years
• Western partnerships: Annually, the industry sees over $750 million in foreign investment. The ARJ21 program established the model for Chinese design and Western suppliers.

Source: AVIATION WEEK / International Aviation Group research '07