Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
권호 표지
DOI QR코드

DOI QR Code

Analysis on the Exchange Value of Traffic Rights between Korea and China Strategic Route: Focusing On Incheon International Airport

한중 전략노선 운수권 교환가치 분석: 인천국제공항을 중심으로

  • Choi, Yu-Jin (Airport Research Institute, Incheon International Airport Corporation) ;
  • Park, Jung-Hee (Airport Research Institute, Incheon International Airport Corporation)
  • 최유진 (인천국제공항공사 공항연구소) ;
  • 박정희 (인천국제공항공사 공항연구소)
  • Received : 2019.01.20
  • Accepted : 2019.02.26
  • Published : 2019.02.28
Download PDF
⟨ Previous Next ⟩

Abstract

In China, the government has aggressively led the construction and expansion of airports across China. Upon this opportunity, "Korea-China" network is expected to expand. Therefore this study tried to deduce implications for Incheon International Airport by expansion of "Korea-China" traffic rights. As a result of analyzing the exchange values of traffic rights on the "Incheon~Beijing/Chengdu" routes, it was found that there is a concern that Chinese airlines could make inroads into Korean airline's market. In both routes, Korean airline's market share and passenger demand increased while the sales decreased after expanding traffic rights. On the other hand, Chinese airlines showed an increase in sales and a larger passenger growth than Korean airlines. Therefore it is necessary for the government to expand the traffic rights through detailed route value analysis.

Keywords

Acknowledgement

본 연구는 인천국제공항공사의 연구지원으로 수행되었으며 연구내용은 인천국제공항공사의 공식적인 견해가 아님.

References

  1. Bae, In-Seon (2017, May 31), Representative of China's 1st Leading City Which "Annual Consumption Is 92 Trillion Won", Aju Business Daily (Webpage). Avaliable from https://www.ajunews.com/view/20170531091253009
  2. Bloomberg (2017, June 22), Beijing's New Mega Airport Will Challenge Air China's Dominance (Webpage). Avaliable from https://www.bloomberg.com/news/articles/2017-06-21/-12-9-billion-airport-puts-china-s-biggest-airlines-in-a-battle-for-dominance
  3. CAPA (2016, December 23), Urumqi Airport Expansion Project Passes through Industry Review, to Commence Construction in 2017 (Webpage). Avaliable from https://centreforaviation.com/news/urumqi-airport-expansion-project-passes-through-industry-review-to-commence-construction-in-2017-628660
  4. CAPA (2016, July 29), Harbin Airport Expansion Project to Complete and Launch Operation in 2017 (Webpage). Avaliable from https://centreforaviation.com/news/harbin-airport-expansion-project-to-complete-and-launch-operation-in-2017-580433
  5. CAPA (2017, February 13), Harbin Airport T2 to Commence Operations at the End of 2017 (Webpage). Avaliable from https://centreforaviation.com/news/harbin-airport-t2-to-commence-operations-at-the-end-of-2017-642461
  6. CAPA (2017, February 24), Kunming Airport Terminal Expansion Project Commences on 23-Feb-2017 (Webpage). Avaliable from https://centreforaviation.com/news/kunming-airport-terminal-expansionproject-commences-on-23-feb-2017-646688
  7. CAPA (2017, May 22), Urumqi Airport Holds Northern District Expansion Pre-feasibility Study Report Investigation Meeting (Webpage). Avaliable from https://centreforaviation.com/news/urumqi-airportholds-northern-district-expansion-pre-feasibility-study-report-investigation-meeting-674931
  8. CAPA (2017, November 27), Xian Airport Phase Three Expansion Project Receives CAAC Approval (Webpage). Avaliable from https://centreforaviation.com/news/xian-airport-phase-three-expansion-project-receives-caac-approval-743394
  9. CAPA (2018), Beijing Daxing International Airport (Webpage). Avaliable from https://centreforaviation.com/data/profiles/newairports/beijing-daxing-international-airport
  10. CAPA (2018), Chengdu Tianfu International Airport (Webpage). Avaliable from https://centreforaviation.com/data/profiles/newairports/chengdu-tianfu-international-airport
  11. CAPA (2018), New Chongqing Jiangbei Airport (Webpage). Avaliable from https://centreforaviation.com/data/profiles/newairports/new-chongqing-jiangbei-airport
  12. CAPA (2018, April 23), Guangzhou Baiyun Airport T2 to Commence Operation on 26-Apr-2018 (Webpage). Avaliable from https://centreforaviation.com/news/guangzhou-baiyun-airport-t2-to-commence-operation-on-26-apr-2018-792756
  13. Civil Aviation Administration of China (2018), Statistics Bulletin of Civil Airports in China 2017 (Webpage). Avaliable from www.caac.gov.cn/XXGK/XXGK/TJSJ/.../t20180307_55600.html [中国民用航空局 (2018), 2017年民航机场生产统计公报 (Webpage). Avaliable from www.caac.gov.cn/XXGK/XX GK/TJSJ/.../t20180307_55600.html]
  14. Civil Aviation Administration of China, National Development and Reform Commission and Ministry of Transport of the People's Republic of China (2016), The 13th Five-year Plan for Civil Aviation Development, Civil Aviation Administration of China, Beijing: Author, 1-46. [中国民用航空局.国家发展和改革委.交通运输部 (2016), 中国民用航空发展第十三个五年规划, 中国民用航空局.国家发展和改革委.交通运输部, 1-46.]
  15. General Office of the State Council (2016), Guiding Opinions of the General Office of the State Council on Promoting the Development of General Aviation Industry (Webpage). Avaliable from http://www.gov.cn/zhengce/content/2016-05/17/content_5074120.html [国务院办公厅 (2016), 關于促進通用航空業發展的指導意見 (Webpage). Avaliable from http://www.gov.cn/zhengce/content/2016-05/17/content_5074120.html]
  16. Gillen, D. W., W. G. Morrison and C. Stewart (2003), Air Travel Demand Elasticities: Concepts, Issues and Measurement, Government of Canada, 201.
  17. Gillen, D., Harris, R. and T. H. Oum (2002), Measuring the Economic Effects of Bilateral Liberalization Air Transport, Transportation Research Part E, 38(3-4), 155-174. https://doi.org/10.1016/S1366-5545(02)00003-0
  18. Goldmansachs (2015), The Chinese Tourist Boom (Goldman Sachs Database), New York, NY: Goldman Sachs Group, 1-69. Available from https://www.goldmansachs.com/insights/pages/macroeconomic-insights-folder/chinese-tourist-boom/report.pdf
  19. Hong Kong International Airport (HKIA) (2017), The Three-runway System of Hong Kong International Airport, Hong Kong: Author, 1-21.
  20. Incheon International Airport Corporation (IIAC) (n.d.), IIAC Internal Data, Incheon, Korea: Author.
  21. InverVISTAS (2007), Estimating Air Travel Demand Elasticities Final Report, Vancouver, Canada: InterVISTAS Consulting, 14.
  22. Jang, Yoon-Jung (2008, April 3), "Construction Plan and Status of Civil Transport Airports in China", Monthly China, 1-8.
  23. Kim Yeon-Myung, Min-Jeong Kim and Min-Hee Kwon (2009), Study on the Allocation Policy for the International Air Traffic Rights, Sejong, Korea: Korea Transport Institute, 1-94.
  24. Kim, Dong-Soo (2018), "Status of Beijing-Tianjin-Hebei Integration Development Plans", China Industry Economy Brief, 1-7.
  25. Kim, Je-Chul, Jin-Seo Park and Ik-Hyun Han (2017), The Main Contents and Meaning of '13th Five-year Plan for Civil Aviation Development (2016~2020)', Sejong, Korea: Korea Transport Institute, 1-18.
  26. Kim, Je-Chul, Jin-Seo Park, Jong-Won Seo and Eun-Suk Seol (2012), A Comparative Analysis on the Airport Competitiveness of Korea and China, Issues Analysis Report, Sejong, Korea: Korea Transport Institute, 1-247.
  27. Korea Tourism Knowledge & Information System (2018), Statistics (Webpage). Avaliable from https://www.tour.go.kr
  28. Lee, Kwang-Soo and Jong-Hae Choi (2013), "Demand and Profitability Estimation Methodology During the Opening of New Air Routes", Journal of Transport Research, 20(2), 163-178. https://doi.org/10.34143/jtr.2013.20.2.163
  29. Ministry of Land, Infrastructure and Transport Air Traffic Division (2018, December 4), Dualizing an Korea-China Air Route from 6th (Webpage). Avaliable from http://www.molit.go.kr/USR/NEWS/m_71/dtl.jsp?id=95081629
  30. Ministry of Land, Infrastructure and Transport Air Traffic Division (2018, June 1), The Skyline to China and Europe Will Expand and Be Faster and Safer at the End of the Year (Webpage). Avaliable from http://www.molit.go.kr/USR/NEWS/m_71/dtl.jsp?id=95080878
  31. Ministry of Land, Infrastructure and Transport International Air Transport Division (2014, April 24), Skyline to China Will Be the Largest Since 2006 (Webpage). Avaliable from http://www.molit.go.kr/USR/NEWS/m_71/dtl.jsp?id=95073915
  32. Ministry of Land, Transport and Maritime Affairs and Korea Transport Institute (2010), A Study on the Value Analysis Model of 5th Freedom for Efficiency of Airport Operation, Sejong, Korea: Author, 1-325.
  33. Ministry of Land, Transport and Maritime Affairs International Air Transport Division (2011, April 26), Gimpo-Beijing Skyline Opens from July (Webpage). Avaliable from http://www.molit.go.kr/USR/NEWS/m_71/dtl.jsp?id=95068150
  34. National Bureau of Statistics of China (2017), Annual Statistics (Webpage). Avaliable from http://data.stats.gov.cn/easyquery.htm?cn=C01 [中国国家统计局 (2017), 年度数据(Webpage). Avaliable from http://data.stats.gov.cn/easyquery.htm?cn=C01]
  35. National Development and Reform Commission and Civil Aviation Administration of China (2017), The Layout Plan for Nationwide Civil Transport Airports 2017, Beijing: Author, 1-17 [国家发展和改革委员会.中国民用航空局 (2017), 全国民用运输机场布局规划 2017, 国家发展和改革委员会.中国民用航空局, 1-17.]
  36. OAG Aviation Worldwide (n.d.), OAG Analyser (Computer Program). Avaliable from https://analytics.oag.com/analyser-client/home
  37. One Mile at a Time (2018, May 15), China Scaling Back Their 'One Route, One Airline' Rule (Webpage). Avaliable from https://onemileatatime.com/one-route-one-china
  38. People's Daily (2017, March 20), "China Eastern Airlines Will Move to the New Airport". Avaliable from paper.people.com.cn/.../nw.D110000renmrb_20170320_4-19.html [人民日报 (2017, March 2 0), "东航南航将搬到新机场". Avaliable from paper.people.com.cn/.../nw.D110000renmrb_20170320_4-19.html]
  39. Reuters (2017, May 14), China to Ease 'One Route, One Airline' Policy for Chinese Carriers (Webpage). Avaliable from https://www.reuters.com/article/us-china-aviation/china-to-ease-one-route-one-airline-policy-for-chinese-carriers-idUSKCN1IF0SR
  40. Shanghai Municipal People's Government (2016), The 13th Five-Year Plan for National Economic and Social Development in Shanghai (Webpage). Avaliable from http://www.shanghai.gov.cn/[上海市政府 (2016), 上海市国民经济和社会发展第十三个五年规划 (Webpage). Avaliable from http://www.shanghai.gov.cn]
  41. Shenzhen Municipal Transportation Committee (2017), Shenzhen Airport Develops an International Aviation Hub Construction Work Plan to Create an International Aviation Hub for the Asia-Pacific (Webpage). Avaliable from www.sztb.gov.cn/[深圳市交通运输委员会(深圳市港务管理局) (2017), 深圳机场制定国际航空枢纽建设工作方案打造面向亚太辐射全球的国际航空枢纽 (Webpage). Avaliable from www.sztb.gov.cn]
  42. Yang, Pyeong-sub and Min-Sook Park (2015), "The Main Contents and Suggestions of 13th Five-year Plan for Civil Aviation Development", World Economy Today, 15(30), 1-25.
  43. YICAI (2018, April 26), North to 'Guangzhou and Shenzhen' Changed to 'Northern Shenzhen-Guangzhou' Wuxi Crouched for a Year to Return to the New Line (Webpage). Available from https://www.yicai.com/news/5418765.html [第一财经 (2018, April 26), 北上广深"变"上北深广"无锡蛰伏一年重返新一线 (Webpage). Avaliable from https://www.yicai.com/news/5418765.html]
  44. Yoon, Moon-Gil and Won-Mog Son (2004), "Route Evaluation Model for Airlines", Industry and Management, 11(2), 69-83.