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Air China charts slower domestic fleet expansion; competition “to be mitigated”
April 25th 2023
Flag carrier, Air China, expects competitive pressure in the domestic aviation market to be “mitigated” in coming months. Read More » “Regarding the demand side, as the national economy remains stable and improving, the foundation of industrial recovery and development will be more solid and domestic market demand will continue its revival,” Air China said in its annual report. “On the supply side, the major airlines will proactively adjust the pace of fleet retirement in accordance with market conditions. The industry’s fleet size, at cumulative annual average number of aircraft registered, grew at a slower pace in 2022 than in 2021,” the report said. The Star Alliance member said the slowdown in expansion of the aviation industry's fleet size is “conducive to alleviating the operating pressure arising from overall excess capacity in the short term”.
