What is air transportation
Air transportation is a mode of transportation that uses airplanes, helicopters, and other aircraft to transport personnel, cargo, and mail. Having the characteristics of speed and mobility, it is an important mode of modern passenger transportation, especially long-distance passenger transportation, and is indispensable for the transportation of valuable items, fresh goods, and precision instruments in international trade.
Air transportation has six major characteristics: commodity, service, international, quasi military, capital, technology and risk intensive, and natural monopoly. Air transportation can be classified into different types according to different standards. Air transportation originated in 1871. Due to the recent downturn in the international economy, the air transportation industry has encountered bottlenecks. However, in the future, there is still vast development space for the air transportation industry that is worth exploring.
In 2024, investment in Chinas air transportation industry will increase by 20.7%.
