Business

Aviation industry of China recovers quickly


Bangladeshpost
Published : 12 Jun 2021 09:58 PM

Xinhua, Beijing

Last year saw China's civil aviation industry recover fast from the impact of the COVID-19, according to the civil aviation authority.

The industry reported 418 million passenger trips last year, 63.3 percent of the number registered in 2019, data released by the Civil Aviation Administration of China showed.

The transportation volume recovered quarter by quarter last year, and by the fourth quarter, passenger trips on domestic flights returned to 95.5 percent of the volume registered in the same period of 2019, according to the data.

Investment in fixed assets reached 162.76 billion yuan (about 24.49 billion U.S. dollars) last year, hitting a record high, said the administration. The investment in basic construction and technological reform reached 108.14 billion yuan last year, up 11.6 percent from that of 2019.