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China announces plane plan
Boeing, Airbus see a challenge
from China.
BY OUR AVIATION CORRESPONDENT
March 21, 2007: Airbus
Industries and Boeing Co have a
challenge in front of them from beyond
the Great Wall. China has sounded an
alert which is expected to make the
aviation giants sit up and watch the
dragon’s moves.
A large commercial aircraft seems to
be in the offing. While international
aerospace analysts are not willing to
be convinced, it is more that clear
that the Chinese industry has quite a
few surprises in store which have the
potential to throw up mega technical
and commercial challenges.
China’s plans to build a large
aircraft capable of carrying more than
150 passengers has been speculated but
the revelation came a few hours ago.
The country has been developing the
aviation industry for 50 years and
already has the technical and material
base to develop large aircraft, said a
report.
Significantly, China boasts of about
1100 jetliners in its commercial
fleets and is expected to buy about
1600 aircraft between now and 2020,
valued at up to $180 billion, as it
becomes the world's second-largest
airliner market. The large Chinese
aircraft are likely may take to the
skies by 2020, said a report.
Meanwhile, the announcement is seen by
the aerospace industry as a challenge
to the Chicago-based Boeing and
Airbus.
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