BOC International released a Research Report stating that the country further relaxed and optimized the visa-free transit policy for foreigners, which is bullish for the improvement of aviation travel demand and catalyzes the steady recovery of international flights. Before the pandemic, the aviation passenger industry showed a robust growth trend, and in 2024, civil aviation passenger volume will first exceed pre-pandemic levels, having surpassed 0.7 billion trips. In the future, outbound and domestic travel trips in our country are expected to steadily increase. In the medium to long term, there is still significant growth potential in our aviation travel market. It is advisable to continuously pay attention to investment opportunities in the new aviation cycle. It is recommended to continue focusing on investment opportunities in the new aviation cycle, and pay attention to Air China Limited, China Southern Airlines, China Eastern Airlines Corporation, Juneyao Airlines, Spring Airlines, and China Express Airlines.