Aviation Industry Corporation of China, Ltd (AVIC) released the latest market outlook today, forecasting that China’s general aircraft fleet will reach 45,000 by 2040.
According to AVIC report, China‘s general aviation market is maintaining a healthy growth.
The country’s general aviation fleet will include 10,000 civil helicopters and the others will be fixed-wing general aircraft, said the China Market Outlook for General Aircraft (2021-2040) released by the Aviation Industry Development Research Center of China under the AVIC, the country’s leading aircraft maker.
Demands from pilot training, entertainment and low-altitude tourism will sustain the Chinese general aviation market to grow.
Light helicopter and ultralight helicopters are forecast to be the most popular market segments in the Chinese civil helicopter market, accounting for 76.9 percent of China‘s civil helicopter fleet, said the AVIC market outlook.
Aviation Industry Corporation of China, Ltd (AVIC), a state-owned Chinese group of aerospace companies based in Beijing, is a major player on the global market. With its over 100 branches and 27 subsidiaries, AVIC is a Fortune 500 company and one of China‘s ten largest industrial corporations.