Civil aviation industry sees 100 b yuan revenue
Updated: 2013-05-23 20:40
The Chinese government released on May 23 the first long-term State-level development plan of the civil aviation industry.
The operating revenue of the Chinese civil aviation industry will exceed 100 billion yuan ($16.3 billion) by 2020, and China-made aircraft will comprise over 5 percent of the newly increased market share in China by then, according to the plan, released by the Ministry of Industry and Information Technology.
The twin-aisle aircraft project, targeting the international flights market, was also written in the plan.
An assembly line of turbine engines with medium power will be ready by 2015, and it will take 10 years to finish research on an engine for large passenger aircraft, according to the plan.