Aviation Regulator Eases Restrictions on Investments in Airports

(Beijing) — China's civil aviation regulator has removed the requirement that private investors get state approval before constructing or operating facilities at airports used for commercial purposes, lifting a regulatory barrier that had stifled growth in the sector.

The Civil Aviation Administration of China (CAAC) issued a new guideline on Sunday that said private investors will no longer need its approval for projects such as constructing airport terminals, running ground operations, supplying jetliner fuel or selling airplane tickets. The regulator did not mention when the new rules will take effect.