China will be the
biggest single market for the A380
aircraft, Airbus SAS' super jumbo, the
European aircraft manufacturer's chief
said on Friday.
Airbus forecast
that China will need more than 200
aircraft with 500 or more seats in
the next 20 years, and the A380 is
the main aircraft in this category,
said Fabrice Bregier, president and
CEO of Airbus.
"For A380 market
growth, we are chasing 5 percent per
year at the world level and 10
percent in China," he
added.
As Chinese air traffic
develops, the nation's airlines will
operate more international routes, which
are suitable for the A380, he
said.
The period between 2011
and 2015 is a golden age for
China's civil aviation industry, said
Li Jiaxiang, head of Civil Aviation
Administration of China.
Passenger
air traffic will reach 450 million
person-trips and investment in civil
aviation will exceed 1.5 trillion yuan
($243.15 billion) by the end of 2015,
according to the
administration.
The super
jumbo's market in China is
still in its infancy, with only
five in the country, belonging to
China Southern Airlines Co
Ltd.
Hong Kong Airlines, a
subsidiary of HNA Group, is reportedly
considering changing its 10 A380 orders to
smaller aircraft. The carrier plans to
enlarge its fleet with A330 and A320
aircraft, as it is cautious about
long-haul routes, the airline said
earlier.
"It will be long
term growth and we cannot expect
our Chinese customers to move
immediately in large numbers to the
A380, " said Bregier.
A new
aircraft program is aimed at the
market for the next 30-year period,
he said, and new aircraft usually
lose money at first. The A380 program
will be in profit from 2016 according
to Airbus' plan.
"Industry
cooperation between Airbus and Chinese
aircraft manufacturers will continue
increasing and it will be more
than $500 million in 2016," he
said.
Airbus also can expect
more orders from China as the
negative impact on Airbus' business in
China from the European Union's
Emissions Trading Scheme is
fading.
China Aviation Supply
Holding Company signed an agreement
with Airbus SAS for the purchase
of 60 Airbus aircraft, which includes 42 A320
Family aircraft and 18 A330 aircraft on
Thursday.
It is the second
time that Airbus received large orders
from China after the ETS issue
and the A330 orders may include some
orders, which were suspended after the
ETS issue in 2012, business insiders
said.