China’s aviation sector is dominated by China’s four largest carriers – namely China Southern Airlines (CSA), Air China, China Eastern Airlines (CEA) and Hainan Airlines – which between them control about 80% of the market in terms of total RTK. They face little competition from foreign carriers due to airport capacity limits and airspace restrictions. Overseas carriers often enter into codeshare agreements with China’s major airlines. According to the CAAC, China had a total of 58 airlines at the end of 2017, including 43 state-controlled and 15 privately-owned. Among them there were eight allcargo airlines, ten joint venture airlines and seven publicly-listed airlines.

01 EXECUTIVE SUMMARY 

02 SECTOR OUTLOOK 

03 SECTOR IN FOCUS

04 COMPETITIVE LANDSCAPE

05 COMPANIES IN FOCUS 

06 REGULATORY ENVIRONMENT 

07 PASSENGER TRANSPORT 

08 FREIGHT TRANSPORT