China was seen as a great market of promise. Many probably still think this is inevitable just because of the sheer population numbers. Also, there was the amazing record of ever-rising traffic – truly aviation’s Promised Land.
Well hello, reality. Very few things go up forever.
No matter how you spin and twist the trends don’t look promising. Consider the western air travel recovery, which is more like a fresh new oil well blowout. Messy, very messy. While the western Covid public policy was terrible more than not, there has clearly been a recovery.Â
So while Airbus is thrilled to announce a blockbuster order before the big show in 10 days’ time, take it easy. The current aircraft in China have not reached optimal usage and there is no pressing need for new aircraft. As always with China, it’s a bit of optics.
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