[photopress:China_civil_aviation_1.jpg,full,alignright]China’s civil aviation industry reported a profit of RMB4.62 billion ($608 million) in the first half of this year, compared with a loss of RMB640 million ($97 million) in the same period of 2006.
China’s General Administration of Civil Aviation (CAAC) reports that in the first six months airlines earned RMB1.54 billion ($203 million ), airports, RMB2.11 billion ($277) other related enterprises, RMB970 million ($128 million.)
The industry’s revenues hit RMB121.83 billion ($16 billion), up 18.3% year-on-year; its air transport turnover totaled 16.67 billion tons/km, up 19.5%, handling 86.699 million passengers and 1.82 million tons of cargo, up 16.7% and 15.2%, respectively.
The industry has a fixed asset investment of RMB10.4 billion ($1.4 billion), increasing 3% year-on-year.
A spokesman for the CAAC said that efforts will be made to cool down the overheated development of air transport, with measures which will include stricter control on market entry, regulating transport capacity and developing international air routes.
Source: China View
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