Airport investment set for lift in the US and China

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Across the US, renovation and expansion projects are underway to improve the country’s vast network of commercial airports. Developments include the remodelling of entire terminals. Meanwhile, in China, the number of airports in the country could reach 240 by 2020.

Larger airplanes, an increase in foreign carriers flying into the US and domestic airline mergers are all demanding greater investment in renovation, repair, and construction at airports across the United States.

According to a report by Jad Mouawad published in the New York Times, airports in the United States are consistently criticised by international passengers for departure delays, congestion and amenities.

Expected to be “the largest public work projects going on around the country,” said Patrick Foye, Executive Director for the Port Authority of New York and New Jersey.

A growing need for additional airports has also been highlighted in China, where Civil Aviation Administration of China (CAAC) chief Li Jiaxiang revealed in Beijing on June 11, 2012 that the number of airports in China is expected to reach more than 240 by the year of 2020.

In a report by People’s Daily Online, CAAC chief Mr. Li Jiaxiang pointed out that the civil aviation industry in China will maintain strong growth momentum over the next one or two decades with the continuous development and growth of the Chinese economy.

“In particular, major busy airports are running at their full capacities, and this is the problem we are trying to tackle with right now,” Mr. Li Jiaxiang said.

According to Mr. Li Jiaxiang, China plans to build 70 new airports and to renovate or expand 100 existing airports in the coming years. By the end of 2015, the number of airports for civil aviation use is expected to exceed 230, with passengers set to reach 450 million. By then, there will be 2,700 transport airplanes and 2,000 general aircraft.

Mr. Li Jiaxiang also expressed that by the year of 2020, the number of airports in China will exceed 240, seeking to meet and satisfy the market needs for 700 million air passenger trips.

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