China aviation industry is expected to see a CAGR of 3.9% during the period (2019-2025). China holds the most significant share in the global aviation industry attributed to the enhanced air travel and technological advancement in-flight solutions across the region. Moreover, the rapid changes in the preferences of the passengers to travel via air have contributed significantly to China’s aviation industry. Moreover, according to the International Air Transport Association (IATA) 2017 forecast, China was also expected to hold the world’s largest aviation market shares across the globe. However, the recent outbreak of COVID-19 from the Wuhan city of China has made China’s aviation industry to deal with the biggest collapse in its history. During the complete lockdown period in China, approximately 500,000 domestic and international flights to and from China were canceled which have made a loss of significant revenue to the aviation industry. As per the IATA’s estimated, the civil aviation market had experienced a drop of around 80% between 23 January 2020 and the middle of March 2020.

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China aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in China is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.

Moreover, the major China-based aviation companies such as Air China Ltd., China Eastern Airlines Corp. Ltd., Hainan Airlines Co., Ltd., Juneyao Airlines, Shenzhen Airlines, and West Airlines Co. Ltd. As of March 2020, China Eastern Airlines Corp. Ltd. carried out 154 special COVID-19 prevention charter flights and sent 15,937 medical personnel and more than 3,600 tons of emergency supplies for COVID-19 prevention. Additionally, the company also temporarily suspended and adjusted the operation of flights on some routes to safeguard the health of passengers and employees and deployed additional cargo capacity for epidemic prevention materials. However, the company has planned to resume its 70-80% flights by the end of June and further increase its flights through August. Thus, this will aid the company to recover its losses.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the China aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior, and macro-economic factors. The report includes an analysis of different regions and countries and the effect of COVID-19 on the aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of China aviation industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting China aviation industry.
• Insights about market determinants which are stimulating China aviation industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.