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"the annual earnings of China's top three carriers, which also include China Eastern Air and China Southern Air is still being awaited.
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China's aviation industry said it has raked in CNY43.7 billion Yuan about $6.6 billion in 2010, just as Nigeria still battle with issue of accurate data in its aviation sector.
China's profit declaration is coming at a time when Nigerian aviation industry does not have accurate passenger traffic 50 years after it aviation industry stated.
According to the Deputy Chief of the Civil Aviation Administration of China, Wang Changshun, said Air China and other domestic carriers booked combined profits of CNY35.1 billion about $5.30 billion last year, while total earnings of airport operators exceeded CNY5 billion, the Xinhua news agency.
While airlines in Air China and other domestic airlines are declaring profit at the end of every financial year, none of the airlines in Nigeria has deemed it fit to declare profit for reasons best known them.
Wang at a national industry internal meeting added that the Industry revenues rise to CNY411.5 billion, up 37.2 per cent from the year-ago level, adding that the number of air passengers in China is expected to top 300 million this year, after rising 15.8 per cent to 267 million in 2010.
Airlines operating in Nigeria on their part don't help matters, as they do not either declare or publish annual earnings under the pretext that they are private entities despite the fact that they relate with the public in their day-to-day business.
his posture has not only made it impossible for investors to invest or partner with them, it has also made it difficult to know whether they are operating at a loss or making profit. The financial position of a business entity makes it easier for investors that are interested in doing business with it to decide its level of involvement in the business.
Meanwhile, the annual earnings of China's top three carriers, which also include China Eastern Air and China Southern Air is still being awaited.
China Eastern expected its net profit last year to be around 10 times that of 2009 on brisk air travel as well as its merger with smaller rival Shanghai Airlines.
China's profit declaration is coming at a time when Nigerian aviation industry does not have accurate passenger traffic 50 years after it aviation industry stated.
According to the Deputy Chief of the Civil Aviation Administration of China, Wang Changshun, said Air China and other domestic carriers booked combined profits of CNY35.1 billion about $5.30 billion last year, while total earnings of airport operators exceeded CNY5 billion, the Xinhua news agency.
While airlines in Air China and other domestic airlines are declaring profit at the end of every financial year, none of the airlines in Nigeria has deemed it fit to declare profit for reasons best known them.
Wang at a national industry internal meeting added that the Industry revenues rise to CNY411.5 billion, up 37.2 per cent from the year-ago level, adding that the number of air passengers in China is expected to top 300 million this year, after rising 15.8 per cent to 267 million in 2010.
Airlines operating in Nigeria on their part don't help matters, as they do not either declare or publish annual earnings under the pretext that they are private entities despite the fact that they relate with the public in their day-to-day business.
his posture has not only made it impossible for investors to invest or partner with them, it has also made it difficult to know whether they are operating at a loss or making profit. The financial position of a business entity makes it easier for investors that are interested in doing business with it to decide its level of involvement in the business.
Meanwhile, the annual earnings of China's top three carriers, which also include China Eastern Air and China Southern Air is still being awaited.
China Eastern expected its net profit last year to be around 10 times that of 2009 on brisk air travel as well as its merger with smaller rival Shanghai Airlines.
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