The regional aviation industry refers to the aviation industry that provides short-distance, non-trunk route services between small and medium-sized cities. The aircraft used are generally small passenger aircraft with less than 110 seats, and the flight range is 600-1200 kilometers.
First, the development status of the regional aviation industry
Since the 13th Five-Year Plan, the Party Group of the Civil Aviation Administration of China has attached great importance to the development of regional aviation, introduced a series of policies and measures, increased financial subsidies and management guidance for regional aviation, and promoted the rapid development of regional aviation.
1) Steady growth of facilities and equipment to ensure the development of regional aviation. According to data from Shangpu Consulting Group, by the end of 2022, there were 238 civil airports in China, including 180 regional airports, accounting for 756%。The annual passenger throughput of the regional airport reaches 1200 million passengers, accounting for 78%。The number of regional aircraft reached 1,029, accounting for 28 of the country's transport aircraft4%。
2) The route network is becoming more and more perfect. According to the data of Shangpu Consulting Group, by the end of 2022, there were 2,360 regional routes in China, accounting for 54% of the total number of routes in the country5%。Among them, there are 2,293 domestic feeder routes, accounting for 58% of the total number of domestic routes6%;There are 67 international feeder routes, accounting for 5% of the total number of international routes8%。The passenger traffic of regional routes reached 83.69 million, accounting for 5% of the national passenger traffic4%。
3) Continuous improvement of operation quality. According to data from Shangpu Consulting Group, in 2022, the average daily utilization rate of regional aircraft in the whole industry will reach 68 hours, an increase of 1 from 20151 hour. The average seat utilization rate of regional aircraft reached 678%, an increase of 7 from 20156 percentage points. The average normal rate of regional aircraft reached 923%, an increase of 14 percentage points.
4) The governance system is gradually improved. In 2022, the Civil Aviation Administration of China (CAAC) issued the "Opinions on Further Strengthening the Management of Regional Aircraft", which clarified the definition, classification, subsidy standards, and management requirements of regional aircraft, providing a policy basis and institutional guarantee for the development of regional aviation. At the same time, the Civil Aviation Administration of China has also established a regional aircraft management information system to realize the dynamic monitoring and data analysis of regional aircraft.
2. Policy support for the regional aviation industry
In order to promote the healthy development of regional aviation, China's first and civil aviation administrations have introduced a series of policy measures, mainly including the following aspects:
1) Increase financial subsidies. According to the "Opinions on Further Strengthening the Management of Regional Aircraft", since 2017, the subsidy policy according to the number of seats has been implemented for eligible regional aircraft, with a maximum annual subsidy of 10 million yuan per aircraft. At the same time, the subsidy policy according to passenger throughput will be implemented for eligible regional airports, with a maximum subsidy of 5 million yuan per year. In addition, it also implements a capacity subsidy policy for eligible regional routes, with a maximum annual subsidy of 5 million yuan.
2) Optimize transportation management services. According to the "Opinions on Further Strengthening the Management of Regional Aircraft", since 2017, the priority support system for regional aircraft has been implemented nationwide, giving priority to arranging regional aircraft to take off and land at trunk airports, giving priority to arranging regional aircraft to fly during periods of tight airspace resources, and giving priority to arranging regional aircraft to transfer at hub airports. At the same time, the simplified management system for regional aircraft operation will be implemented nationwide, and the approval procedures for regional aircraft operation will be simplified, and the regulatory requirements for regional aircraft operation will be simplified.
3) Promote the coordinated development of the industrial chain. According to the "Opinions on Further Strengthening the Management of Regional Aircraft", since 2017, the coordinated development plan of the regional aircraft industry chain has been implemented nationwide to promote the formation of an industrial chain coordinated development model of "first-class guidance, enterprise main body, and market operation". At the same time, the regional aircraft industry chain innovation and development plan will be implemented nationwide to promote the formation of an industrial chain innovation and development model of "scientific and technological innovation, technological breakthroughs, and product upgrades".
4) Strengthen international exchanges and cooperation. According to the "Opinions on Further Strengthening the Management of Regional Aircraft", since 2017, the international exchange and cooperation plan for regional aircraft has been implemented nationwide to promote the formation of an international exchange and cooperation model of "policy communication, facility connectivity, unimpeded operation, financial integration, and people-to-people bonds". At the same time, the implementation of the regional aircraft international competition and cooperation plan nationwide, to promote the formation of an "open, inclusive, mutually beneficial, win-win, cooperation and sharing" international competition and cooperation model.
3. The development trend of the regional aviation industry
Standing at a new historical starting point, China's regional aviation is facing new opportunities and challenges, and it is necessary to respond to the situation, reform and innovate, jointly create an environment for the development of regional aviation, build a network of "trunk branches, full network connection", and promote the orderly recovery and vigorous development of the regional aviation market. In the future, the development trend of China's regional aviation mainly includes the following aspects:
1) Market demand will continue to grow. With the acceleration of China's economic and social development and urbanization, the demand for air traffic in small and medium-sized cities and remote areas will grow day by day. Especially under the guidance of the "14th Five-Year Plan" and the long-term goals for 2035, China will accelerate the construction of a new development pattern, with the domestic cycle as the main body, and the domestic and international dual cycles promote each other.
2) The network structure will be gradually optimized. With the continuous improvement of the hub function of China's trunk airports, the continuous improvement of the network thinking and ability of some airlines, and the continuous improvement of the effective connection and supporting services of some regional airports, the structure of China's regional aviation network will be gradually optimized. In the future, China will form a regional aviation network with large hub airports such as Beijing, Shanghai and Guangzhou as the core, provincial capitals and key cities as nodes, and small and medium-sized cities and remote areas as the ends.
3) The quality of operation will continue to improve. With the continuous improvement of the technical level and operational efficiency of China's regional aircraft, the continuous improvement of the service level and management level of some airlines, and the continuous improvement of the safety level and operation level of some regional airports, the operation quality of China's regional aviation will continue to improve.
4) The development model will be more diversified. With the continuous improvement of China's regional aviation policy environment and market environment, the continuous enhancement of the innovation awareness and ability of some airlines, and the continuous enhancement of the participation and activity of some local ** and social capital, the development model of China's regional aviation will be more diversified.
5) International cooperation will be deepened. With the continuous improvement of China's regional aircraft technology level and market competitiveness, the continuous improvement of the internationalization strategy and ability of some airlines, and the continuous improvement of the demand and willingness of some countries and regions for regional aviation, China's international cooperation in regional aviation will be deepened.
Chapter 1 Definition and Classification of the Regional Aviation Industry
Section 1 Basic Concepts of the Industry.
Section 2 Basic Characteristics of the Industry.
Section 3: Industry Classification.
Chapter 2 Overview of the domestic and international development of the regional aviation industry in 2023
Section 1 Overview of the development of the global regional aviation industry.
1. The development status of the global regional aviation industry.
2. The development trend of the global regional aviation industry.
3. The development status of major countries and regions.
Section 2 Overview of the development of China's regional aviation industry.
1. The development history and current situation of China's regional aviation industry.
2. Problems in the development of China's regional aviation industry.
Chapter 3 Analysis of the Development Environment of China's Regional Aviation Industry in 2023
Section 1 Macroeconomic Environment.
Section 2: Macroeconomic Policy Environment.
Section 3 Policy Environment for the Regional Aviation Industry.
Section 4 Technical Environment of the Regional Aviation Industry.
Chapter 4 China Regional Airlines Industry Market Analysis in 2023
Section 1 Market size.
1. The market size and growth rate of the regional aviation industry.
Second, the market saturation of the regional aviation industry.
3. Factors affecting the market size of the regional airline industry.
4. Market size and growth rate of the regional aviation industry from 2023 to 2028**.
Section 2 Market Structure.
Section 3 Market Characteristics.
1. The life cycle of the regional aviation industry.
2. The impact of technological change and industry innovation on the regional aviation industry.
3. Differentiation analysis.
Chapter 5 Analysis of Supply and Demand in China's Regional Aviation Industry
Section 1 Overall scale of China's regional aviation industry from 2020 to 2022.
Section 2 Analysis of the profitability of China's regional airline industry.
Section 3 Supply Overview of China's Regional Aviation Industry.
1. Analysis of China's regional aviation supply from 2021 to 2023.
2. Analysis of the supply characteristics of China's regional aviation industry in 2023.
3. Analysis of the supply of China's regional aviation industry from 2023 to 2028.
Section 4 Overview of the demand of China's regional airline industry.
1. Analysis of the demand of China's regional aviation industry from 2021 to 2023.
2. Analysis of market demand characteristics of China's regional aviation industry in 2023.
3. Analysis of China's regional aviation market demand from 2023 to 2028.
Section 5 Analysis of the balance between supply and demand in the regional aviation industry.
Chapter 6 Regional Market Analysis of China's Regional Airline Industry in 2023
Section 1 Distribution of regional markets.
Section 2 Analysis of market demand in key regions (demand scale, demand characteristics, etc.).
Section 3 Changes in regional market demand.
Chapter 7 Industry Chain Analysis of China's Regional Aviation Industry in 2023
Section 1 Analysis of the Industrial Chain of the Regional Aviation Industry.
1. Analysis of industrial chain structure.
Second, the value-added space of the main links.
Third, the relevance of upstream and downstream industries.
Section 2 Analysis of the Upstream Industry of Regional Aviation.
1. Cost composition of regional airlines.
Second, the development status of the upstream industry.
3. The development trend of the upstream industry from 2023 to 2028.
Fourth, the impact of the upstream industry on the regional aviation industry.
Section 3 Analysis of the Downstream Industry of Regional Aviation.
1. Distribution of downstream industries of regional aviation.
Second, the development status of the downstream industry.
3. The development trend of downstream industries from 2023 to 2028.
Fourth, the impact of downstream demand on the regional aviation industry.
Chapter 8 Analysis of the Dominant Drivers of China's Regional Aviation Industry in 2023
Section 1: National Policy Orientation.
Section 2: Development of Related Industries.
Section 3 Technological Development of the Industry.
Section 4 Industry Competition.
Section 5: Changes in social needs.
Chapter 9 Solvency Analysis of China's Regional Airlines Industry in 2023
Section 1 Analysis of the asset-liability ratio of the regional airline industry.
Section 2 Analysis of the Quick Ratio of the Regional Aviation Industry.
Section 3 Analysis of the Current Ratio of the Regional Airlines Industry.
Section 4 Solvency of the Regional Airline Industry, 2023-2028**.
Chapter 10 Analysis of the Operational Capability of China's Regional Airlines Industry in 2023
Section 1 Analysis of the total asset turnover ratio of the regional aviation industry.
Section 2 Analysis of Net Asset Turnover Ratio of Regional Aviation Industry.
Section 3 Analysis of Accounts Receivable Turnover Ratio in Regional Aviation Industry.
Section 4 Regional Aviation Industry Operational Capacity, 2023-2028**.
Chapter 11 Competitive Analysis of China's Regional Airline Industry in 2023
Section 1 Market Share of Key Regional Airlines.
Section 2 Market Concentration in the Regional Aviation Industry.
Section 3: Industry Competitive Groups.
Section 4 Potential Entrants.
Section 5 Threat of Substitutes.
Section 6 **Bargaining power.
Section 7: Bargaining power of downstream users.
Chapter 12 Analysis of Key Enterprises in China's Regional Aviation Industry in 2023
Section 1 Enterprise 1.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 2 Enterprise 2.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 3 Enterprise 3.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 4 Enterprise 4.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 5 Enterprise V.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 6 Enterprise 6.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 7 Enterprise 7.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 8 Enterprise VIII.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 9 Enterprise IX.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Section 10 Enterprise 10.
First, the enterprise overview.
Second, the main economic indicators of the enterprise.
3. Analysis of corporate profitability.
Fourth, the analysis of the solvency of enterprises.
Fifth, the analysis of enterprise development advantages.
Chapter 13 2023-2028 China Regional Aviation Industry Development and Investment Risk Analysis
Section 1 Environmental Risks in the Regional Aviation Industry.
1. Risks to the international economic environment.
2. Exchange rate risk.
3. Macroeconomic risks.
Fourth, macroeconomic policy risks.
5. Risks of regional economic changes.
Section 2 Risks of the upstream and downstream of the industrial chain and related industries.
Section 3 Policy Risks in the Regional Aviation Industry.
Section 4 Market Risks in the Regional Aviation Industry.
1. Market supply and demand risks.
2. Risks.
3. Competition risk.
Chapter 14 Analysis of China's Regional Aviation Industry Development Prospects and Investment Opportunities from 2023 to 2028
Section 1 Development Prospects for Regional Aviation Industry**.
1. Changes in user needs**.
Second, the development of the competitive landscape.
3. Channel development and change**.
Fourth, the overall development prospects and market opportunities of the industry analysis.
Section 2 Investment Opportunities in the Regional Aviation Industry.
1. Investment opportunities in regional markets.
2. Investment opportunities in the industrial chain.
Chapter 15 Conclusions and Development Recommendations
Section 1 Research Conclusions and Recommendations of the Regional Aviation Industry.
Section 2 Suggestions for the development of Sihan regional aviation industry.
1. Suggestions on industry development strategies.
2. Suggestions on the direction of industry investment.
3. Suggestions on industry investment methods.
Table of Contents of Charts
Chart: Regional airline industry life cycle.
Chart: Industrial chain structure of regional aviation industry.
Chart: Global Regional Airlines Industry Market Size in 2023.
Chart: Market size of China's regional airline industry in 2023.
Chart: Comparison of China's regional airline market share in 2023.
Chart: Regional airline industry concentration in 2023.
Chart: Total profit of the regional airline industry in 2022.
Chart: Total assets of the regional airline industry in 2022.
Chart: Total liabilities in the regional airline industry in 2022.
Chart: 2023 Regional Airline Industry Competitiveness Analysis.
Chart: Regional airline market trends in 2023.
Chart: Main business revenue of the regional airline industry in 2023.
Chart: Cost of Principal Sales in the Regional Airlines Industry in 2023.
Chart: 2023 Regional Aviation Industry Administrative Expense Analysis.
Chart: 2023 Financial Expense Analysis of the Regional Airline Industry.
Chart: Comparison of key data indicators in the regional aviation industry in 2023.
Chart: Profitability analysis of China's regional airline industry in 2023.
Chart: Analysis of the operational capacity of China's regional airline industry in 2023.
Chart: Solvency analysis of China's regional airline industry in 2023.
Chart: Analysis of China's regional aviation industry development capacity in 2023.
Chart: Distribution of the number of companies of different sizes in the regional aviation industry in 2023.
Chart: Distribution of employees in the regional airline industry by size in 2023.
Chart: Distribution of total assets of enterprises of different sizes in the regional aviation industry in 2022.
Chart: Distribution of total profits of companies of different sizes in the regional aviation industry in 2022.
Chart: Distribution of the number of companies by different nature in the regional aviation industry in 2023.
Chart: Distribution of employees by different nature in the regional aviation industry in 2023.
Chart: Distribution of total assets of enterprises by different nature in the regional aviation industry in 2022.
Chart: Distribution of total profits of companies of different natures in the regional airline industry in 2022.
Chart: Regional airline industry market size 2023-2028**.
Chart: Competitive landscape of the regional airline industry from 2023 to 2028**.