A New Era Of Deep Cooperation

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A New Era of Deep Cooperation
Economic 2166F
November 29, 2016
Jingwen Guo

In recent years, airlines build a closer relationship, especially European airlines and Chinese airlines. Europe is the headstream of airplane, but compared to North America, European aviation is a little bit weak on the ridership. In late 1990s and early 2000s, Europe had more interactions with American aviation. In recent years, Europe set China as a new partner. European aviation is trying to expand its international market through increasing new cooperation.
In recent years, the relationship between Chinese and European Aviation is getting closer. The strongest evidence is that Chinese government and European Union have signed a 5-year work agreement for reducing the economic burden in aviation industry, preserving aviation safety and environmental compatibility. European Union and China emphasized the importance of this project by preparing over 10 million euro as its budget. The detailed work plan was reviewed and updated in September 2016. This is the first official cooperation in European and Chinese aviation, which is managed by the European Aviation Safety Agency (EASA) and Civil Aviation Administration of China.
In terms to those individual airlines, there is another event that caught the public attention is that the chairman of the Executive Board and CEO of Deutsche Lufthansa AG, Carsten Spohr and Mr. Song Zhiyong, President and Executive Director of Air China
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