Growth in China’s domestic and regional markets has stimulated 
the need for single-aisle airplanes. According to data of the 
Civil Aviation Administration of China (CAAC), domestic 
passenger traffic has grown 12 percent annually over the past 
decade. A variety of factors are driving this trend. Since 2013, 
new airlines have entered the market, among them new low-
cost carriers. Today, these new airlines make up 11 percent of 
all domestic flights, and as in other regions, it is expected that 
these new entrants will continue to stimulate the market.