January 7, 2019 / 8:02 AM / 8 months ago

China to invest $12.4 billion in aviation infrastructure this year

The third prototype of China's home-built passenger jet C919 takes off during its first test flight at Shanghai Pudong International Airport in Shanghai, China December December 28, 2018. REUTERS/Stringer

SHANGHAI (Reuters) - China will invest as much as 85 billion yuan ($12.41 billion) in aviation infrastructure this year to support the industry’s development, the country’s aviation authority said on Monday.

The Civil Aviation Administration of China made the comment in a statement it posted on its website about its goals for 2019.

($1 = 6.8496 Chinese yuan)

Reporting by Brenda Goh; Editing by Gopakumar Warrier

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