China’s new airplane: boon or bane?
China’s plan to build its first big passenger plane, the C919, promises to reshape its fast-growing aviation market, leaving a lot at stake for US companies, writes Investor’s Business Daily.
“Boeing delivered its 800th airplane to China earlier this year. It has an order backlog of nearly $30 billion from China. So the state-owned C919 jet program poses a potential threat,” writes Reinhardt Krause.
Boeing also is a big customer of parts makers trying to win C919-related business.
Several US companies have signed contracts to supply parts for the C919, including General
"Western (aircraft) component and system suppliers see the writing on the wall, that the Boeing/Airbus duopoly is going away," said Tom Boozer, an analyst at Kirkland, Wash.-based consultancy G2 Solutions. "They recognize that the Chinese market could be a huge portion of their business."
China’s aviation market is booming. Passenger traffic is growing 20 percent a year in China as domestic travel and trips abroad grow.
The country will open 10 airports in 2010, says the Civil Aviation Administration of China.
Boeing projects that over the next two decades China will be the No. 2 aircraft buyer, behind the UZ and ahead of the United Arab Emirates.
“With the C919, China aims to satisfy some of its domestic demand and boost exports, initially in Asia. State-owned Commercial Aircraft Corp. of China (Comac) expects to sell 2,509 C919s over 20 years. The C919 is slated to fly in 2014 and enter service in 2016,” says Investor Daily.
China aims to take a big step forward with the C919, a single-aisle passenger jet that will seat up to 190 people.
“But how will the C919 compare to Boeing’s next-generation 737 and the Airbus A320 family? And how much leading-edge technology will U.S. companies provide for the C919 as they compete for business with each other and European rivals?” asks the newspaper.
By David Wilkening
David
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