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Tuesday, 13 September 2016

China to become first trillion dollar aviation market

Posted by Anup Baral September 14, 2016 : Airlines in China will spend more than $1 trillion on new airplanes over the next two decades to meet the country’s booming demand for air travel, Boeing said in its annual China market outlook.It estimates 6,810 new aircraft purchases by China in the next twenty years, up 7.6 percent from its previous demand prediction until 2034. "As China transitions to a more consumer-based economy, aviation will play a key role in its economic development," said Randy Tinseth, Vice President of Marketing, Boeing Commercial Airplanes. "Because travel and transportation are key services, we expect to see passenger traffic grow 6.4 percent annually in China over the next 20 years," he added.
According to Tinseth, the country's growing middle class and new visa policies "gives every reason to expect a very bright future for China's long-haul market.”Boeing predicts that three-quarters of new deliveries will be single-aisle aircraft that carry between 90 and 230 passengers. Demand for wide-body planes will also increase, with 1,560 new planes expected to triple the country's fleet over 20 years.The report said that air cargo is expected to become a key driver for the continuous growth of aviation in China supported by the country’s growing e-commerce business which is already the largest in the world. Boeing has played a major role in developing China's aviation industry and infrastructure, making up more than 50 percent of commercial jetliners operating in the country.

Traveling gives us the opportunity to disconnect from our regular life. You get to forget your problems/issues for a few weeks, it can also help you figure things out that you would not have understood without the distance traveling can give you. We all have crazy schedules, work and a family to take care of, going away alone or with some friends can give you distance and perhaps even make you realize how important these people are for you. Like the saying says: we never know what we have until we lose it.

Another great benefit is the relaxation you get to do. It’s nice to live life to its fullest and enjoy a stress free time with yourself. Going on vacation lets us recharge our “batteries” by disconnecting us from our regular life. When we come back we feel invigorated and we are happy to be back in our day to day routine. It’s a very good stress remover that has a lot more to give than most people are willing to accept.

Traveling increases our knowledge and widens our perspective. To view new customs, different ways of living is fantastic for the mind. It gives us a new perspective about life and especially our life, it can help us change some of our habits or even create new ones. When I travel I usually make it a point to try new food, some cultures don’t have fries in their diet and they are all skinny, others use spices to give taste and not oils or fats. Discovering different values and ways to get by in life is really interesting. You also need to visit exotic new places and discover what this wonderful world has to offer.