Boeing welcomes China to compete as a new player on aviation market

The giant aircraft manufacturer Boeing Company has highly welcomed China to compete as a new player on international aviation market over the next 20 years. There will be the huge demand for more than 40, 000 passenger aircraft across the world in the next 20 years so China would be the eminent competitor for the market says Boeing who also has committed to forging closer partnership with China for common development.

President of Boeing China Mr. John Bruns said, “Due to the huge demand of aircraft over next 20 years, Boeing will become stronger under the pressure of new competition.”

The progress of aviation of China can be analyzed through the production of own type-Comac C919 aircraft. The China’s first big jetliner commercial Aircraft Corporation of china, ltd. (COMAC) had signed purchase agreements with four leasing companies for a total of 130 C919 aircraft. This statistic shows the willingness and commitment of China to be the prominent aviation competitor for Airbus and Boeing.

The C919 is a narrow-body twinjet airliner developed by Chinese aerospace manufacture COMAC. The program was launched in 2008 and production of the prototype began in December 2011.

The COMAC C919 is a 168-seater aircraft that is roughly same as the size of Airbus A320 and Boeing 737. The aircraft is mainly made out of aluminum. It is powered by CFM International LEAP turbofan engines and can carry 156 to 168 passengers.

Boeing has forged a profound and solid relationship with China’s aviation industry and the Chinese government over the past 45 years since it entered China 1972, when the historical visit by former U.S. President Richard Nixon to Beijing opened a window for Boeing aircraft to find a place in this market, Bruns said.

China today holds the largest market of the world civil aviation history and Boeing has grown a good relationship with China during this process. The two sides have maintained satisfactory communication and understanding, which resulted in a mutually beneficial partnership that will push both sides to seek common development. Boeing has entered its 101st years of development, and it has been engaged with China for at least half of the past years in history.

China has played more influential role on every Boeing commercial airplane including the world’s most technologically advanced airplane, the 787 Dreamliner, and more than 9,000 Boeing airplanes fly throughout the world with integrated China-built parts and assemblies.

Boeing who is the largest client of China forecasted that China will have to purchase more than 7, 240 new aircraft valued at 1.1 trillion US dollars over the next 20 years. Last month, Boeing and the Commercial Aircraft Corp of China (COMAC) unveiled Boeing’s first overseas completion and delivery center in Zhoushan, East China’s Zhejiang province, with a registered capital of 55 million dollars.

Boeing has invested 33 million U.S. dollars and takes a 60 percent share, while COMAC invested 22 million dollars with a 40 percent holding.

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