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Boeing expects China to become a "signficant" competitor in civil aircraft manufacturing

30-Mar-2010 8:52 AM

Boeing Commercial Airplanes President and CEO, Jim Albaugh, stated he believes China will become a "significant competitor" in civil aircraft manufacturing, but added that he does not expect COMAC C919s to achieve a major sales presence outside the country (Routes Online, 19-Mar-2010). He added that Boeing plans to aggressively pursue market opportunities in China.

Boeing Commercial Airplanes: "[The C919] will probably be a good airplane. Will that be the airplane that they market outside China? Probably not. But the airplane after that and the one after that...We have to look at China as a real competitor for years to come. The Chinese are where Airbus was 25-30 years ago. The Chinese government has said they are going to make a significant investment in commercial aerospace...We're not in a duopoly anymore. You project out 10-15 years and we are competing against the Brazilians, the Russians, the Canadians, the Chinese and the Japanese and we're not just competing against five companies, we're competing against five countries. We have to make moves now to ensure we are competitive 5, 10, 15 years from now," Jim Albaugh, President and CEO. Source: Routes Online, 19-Mar-2010.