China Aviation Poised To Take Off
China has eased restrictions to new entrants in order to maintain rapid growth in the airline market.
China Eastern, one of three state-owned airlines that have dominated China’s skies, now stands to have competition from new airlines, some of which are funded with private capital. (Photo: Gabriele Stoia)
China Eastern, one of three state-owned airlines that have dominated China’s skies, now stands to have competition from new airlines, some of which are funded with private capital. (Photo: Gabriele Stoia)

Recognizing its potential to become a major industry player, China is finally moving toward greater liberalization of its aviation sector. The announcement followed on the heels of the Third Plenary Session held in November 2013. It was during this time that China’s new leaders, alongside the Civil Aviation Administration of China (CAAC), committed to a series of reforms geared to loosen the regulatory grip that has significantly hindered industry growth. Now, eight months later, signs of change are on the horizon.