Air China to become top airline
February 28, 2011 Category VIP visits, Weekly
Air China has high hopes of becoming one of the world’s top five airlines in the years to come, Chairman Kong Dong said. The airline’s fleet is expected to nearly double in the coming five years to more than 700 aircraft from the current 381. By that time, Air China will have the size of the world’s current largest carrier, which was formed out of a merger between United Airlines and Continental Airlines. Air China is already the world’s largest carrier in terms of market value with a market capitalization of USD20 billion last year. But although the airline is becoming big, it still has to become strong by gaining market share, Chairman Kong said. China’s major airlines have reaped enviable profits during the past two years thanks to a boom in domestic air traffic, but lagged behind in exploring international markets. By 2015, Air China will have a 25% share of the domestic air traffic market, up from the current 21%.
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