Boeing and Airbus Duopoly is over, when China's Comac comes into play

[kawaraj]

The Commercial Aircraft Corporation of China has joined the global market for commercial passenger jets so far controlled by Airbus and Boeing.

Jim Albaugh of Boeing's civil jet division said the days of the "duopoly" are over, and French business daily Les Echos also noted China's growth in the industry in a recent article by saying China is emerging as the No. 3 aerospace power.

◆ Competitive Price

Comac has already signed a memorandum of understanding with the biggest European budget carrier Ryanair for 200 C919 midsize passenger planes.

Under the MOU signed at the Paris air show on June 20-26, Ryanair will include Chinese-made passenger planes in a fleet of new jets it will buy after 2013. Ryanair promised to send experts to Comac to help the manufacturer develop 200-seat midsize passenger planes.

Ryanair had been one of Boeing's biggest customers but apparently switched to Comac because the Chinese firm offered much lower prices.

China's ARJ21-700 90-seater passenger plane made its maiden flight to Shanghai in November 2008. Since then, China has won more than 340 orders for the aircraft thanks to the competitive price.

A stewardess poses in Comac's C919 passenger jet at the Paris air show on June 21. /Bloomberg
◆ Boeing, Airbus Jitters

The C919 is a product of Chinese plan to make inroads into the 200-seater midsize market led by Boeing and Airbus. Comac plans to conduct the first flight of the C919 in 2014 and start commercial flights in 2016.

China struck a big deal with General Electric in January to develop a communications and navigation system for the C919 in exchange for supply of bullet train technology to GE.

A Comac subsidiary is also implementing another ambitious project to develop engines for mid-size and large commercial jets, which it claims will rival the Boeing 737 and the Airbus A320. It is also developing large commercial planes such as the C929 with 290 seats and the C939 with 390 seats.

Comac has a solid domestic market that is in itself enough to sustain a commercial plane manufacturer.

But with its current capacity, Comac can produce less than 50 C919s per year over the next few years.

Boeing and Airbus are apparently worried by the rapid pace with which China is catching up and are developing fuel-efficient commercial jets to beat it.

After the high speed train far ahead of world nations, China's commercial jets industry takes off.

The Chosun Ilbo (English Edition): Daily News from Korea - China's Comac Joins Commercial Passenger Plane Industry

 

[Juice]

After the high speed train far ahead of world nations, China's commercial jets industry takes off.

The Chosun Ilbo (English Edition): Daily News from Korea - China's Comac Joins Commercial Passenger Plane Industry

High speed trains have been around for years. Playing catch-up yet again.

 

[kawaraj]

High speed trains have been around for years. Playing catch-up yet again.

LOL, i bet it will take the US more than ten years to catch up China's current high speed rail transportation.

 

[below_freezing]

LOL, i bet it will take the US more than ten years to catch up China's current high speed rail transportation.

USA always makes excuses for their failure. It is in the blood and culture of Americans to deny failure, to make excuses and to avoid responsibility. It is in fact the core of their culture, which encourages this denial and avoidance.

 

[jdme]

And here I thought Brazil already was number 3!

 

[kawaraj]

i thought they know better than you, my indian friend.

Jim Albaugh of Boeing's civil jet division said the days of the "duopoly" are over, and French business daily Les Echos also noted China's growth in the industry in a recent article by saying China is emerging as the No. 3 aerospace power.

 

[lynx]

Boeing & Airbus are like the Microsoft or Intel of computer world. China had to put in great deal of effort to make a dent in their market share.

 

[below_freezing]

Boeing & Airbus are like the Microsoft or Intel of computer world. China had to put in great deal of effort to make a dent in their market share.

Microsoft and Intel are completely unrelated. Intel makes processors (hardware) and Microsoft makes OS (software). The skillsets needed to make them are very different.

 

[AZADPAKISTAN2009]

While many American /British or even french planes go down routinely due to bad quality and bad engineering they continuously bad mouth Russian and Chinese engineering

 

[Juice]

Do you live in a fantasy world? For hours flown there are damned few accidents.

 

[Mosamania]

China wants to be first of everything in the world from Aerospace to Olympics. And they are working hard to achieve that.

 

[ChineseTiger1986]

China wants to be first of everything in the world from Aerospace to Olympics. And they are working hard to achieve that.

Yep, except our national football team.

 

[AZADPAKISTAN2009]

Ideally PIA should purchase 20 planes from Chinese company for Domestic travels

I think , we need to retire some of the older planes in our inventory. Immediately

 

[Mosamania]

Ideally PIA should purchase 20 planes from Chinese company for Domestic travels

I think , we need to retire some of the older planes in our inventory. Immediately

They look badass. I am rooting for China. It will sure create a new threat to Western World monopoly.

 

[Safriz]

Unlike previously when china was just a copycat now they are extensively investing R&D and coming up with their own Quality products.The western industrial monopoly is now at great risk.
Innovation was the hallmark of the west but its not happening anymore over here.