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First Single Aisle, now。。。。。 September 21, 2015

Posted by hslu in China, Cold War, Economics.
Tags: , , , , , , , ,
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First, Airbus’s A-320 and Boeing’s 757 will soon have a much needed competition in the single aisle aircraft market from China’s Comac ARJ21 Xiangfeng 翔鳳.

COMAC ARJ21

COMAC ARJ21

 

 

 

 

 

Source: Shimin Guhttp://www.jetphotos.net/viewphoto.php?id=6998514&nseq=726

For your information, below is an estimate on the market shares of various players in the world. This estimate is four years old and impact of ARJ21 isn’t included in the estimate.

Slide3

With ARJ21 is about to make delivery, Airbus’s A-380 and Boeing’s 747 will have a new competitor in this lucrative airspace, probably in 5 to 10 years.

Joint development by China and Russia in wide-body aircraft.

Joint development by China and Russia in wide-body aircraft.

Source: Yahoo Finance.

 

China knows that it doesn’t have the technological know-how now to develop this aircraft by itself. Working with Russia is a logical step to take strategically and economically. This move makes sense for Russia too because it desperately wants to move away from the commodity (reads oil) dominant economy too.

Did Obama’s animosity toward Putin in any way accelerate the joint development?

I wonder what’s the next target for China to compete in the commercial landscape: selling cars in the USA and Europe?

 

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