China sets up $3.3 billion aviation investment fund

Subscribe to our newsletter and get the latest news and business opportunities in your inbox
China sets up $3.3 billion aviation investment fund

According to Reuters, China has set up a CNY20 billion (US$3.24 billion) investment fund to boost the civil aviation industry in China which is the world's second largest.

The fund is expected to finance. among others, new airports, aviation economic zones, budget carriers, cargo and general aviation related projects. The fund is led by Beijing International Airport Co Ltd and 20% controlled by Capital Airports Holding Co. (HNA Group).

In November 2012 as a result of the rapidly expanding civil aviation there were 182 commercial airports in China. Under the 2011-2015 national plan (12th Five Year Plan) China aimed to build 56 new airports, re-locate 16 airports, and renovate/expand 91 airports during the 2011 - 2015 period. According to this plan China will have a total of 220 airports, including 3 national hubs, 5 regional hubs, and 24 medium hubs.

The 12th Five Year Plan major airport projects includes:

  • Expansion projects for the following airports: Harbin, Changchun, Shenyang, Dalian, Tianjin, Shijiazhuang, Tangshan, Huhehaote, Baotou, Jinan, Weihai, Shanghai Pudong, Shanghai Hongqiao, Nanjing, Hangzhou, Fuzhou, Xiamen, Nanchang, Zhengzhou, Luoyang, Wuhan, Yichang, Changsha, Changde, Guangzhou, Shenzhen, Foshan, Zhanjiang, Nanning, Gulin, Haikou, Sanya, Chongqing, Chengdu, Guiyang, Lijiang, Xishuangbanna, Lasha, Xi'an, Yinchuan, Lanzhou, Dunhuang, Urmuqi.
  • Relocation projects for the following airports: Qinghuangdao, Wuzhou, Yibin, Yan'an.
  • New airport projects: Zhangjiakou, Putian, Henyang, Shaoguan, Yueyang, Qionghai, Xinyang, Shangqiu.
  • Pre-feasibility study airport projects: New Dalian Airport, New Qingdao Airport, New Xiamen Airport, New Chengdu Airport, Shenzhen 2nd Airport.

China's passenger airline industry is dominated by the three state-owned airlines; Air China, China Southern Airlines and China Eastern Airlines. There are limited competition from private operators in the commercial passenger market such as Spring Airlines but the state owned operators have the political and financial support from the central government to lead the market.

List of country news

Country news

  • September 11, 2014

    I Squared Capital invests in China's waste water treatment sector

    I Squared Capital announced yesterday the acquisition of a majority interest in Jiangsu Province Jiaqing Water Services Co., Ltd. through its ISQ Global Infrastructure Fund. Read more
  • October 13, 2014

    ADB, 13 Banks sign $288 million B-Loan for wastewater projects in China

    The Asian Development Bank (ADB) has signed an agreement in partnership with 13 banks to support Beijing Enterprises Water Group Company Limited (BEWG) to promote high standard wastewater treatment and reuse in the People's Republic of China (PRC). Read more
  • October 13, 2014

    India to support China's Asian Infrastructure Investment Bank

    India could support the Asian Infrastructure Investment Bank proposed by China as part of the new government's new policy to deepen regional cooperation. Read more
  • October 16, 2014

    Sound Global wins wastewater O&M bundle through PPP

    Sound Global Ltd. has entered into a cooperation agreement with Chongqing Yulong Asset Management (Holdings) Limited for the wastewater O&M bundle through PPP in Jiulongpo District, Chongqing, China. Read more
  • October 21, 2014

    China Everbright signs waste-to-energy PPP project in Hangzhou

    China Everbright International Limited has announced that it has signed a concession agreement with the Urban Administration Committee of Hangzhou City to invest and construct a household waste-to-energy project in Yuhang District of Hangzhou City. Read more

Share this news

Join us

In order to get full access to News section, you must have a full subscription. You can check all the benefits of becoming a member and purchase a subscription on our membership page.