• Title/Summary/Keyword: Hefindahl-Hirschman Index

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A Study on Characteristics of Chinese Civil Aviation Market (중국 항공운송시장특성에 관한 연구)

  • Sun, Zhanfang
    • The Journal of the Korea Contents Association
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    • v.14 no.6
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    • pp.397-406
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    • 2014
  • Recently, China has expanded enormously its economic trade exchange bilaterally with other nations and developed as the second largest aviation market in the world. While open skies bilateral agreements were signed between China and other countries, the agreement processes influenced the aviation market structure and market sharing heavily. This paper analyzed the Chinese aviation market by such three angles as market scale, competitive situation, and market concentration. It is concluded that the Chinese aviation market is the oligopolistic market structure tested by the Herfindahl-Hirschman Index. Finally, suggestions are given to the airlines operating in China such as joining the air alliance, paying attention to a different frequent flyer program (FFP) etc.