Tuesday 24 April 2007

PRC to Develop Super-jumbo


Chinese state media have reported the PRC's ambition to develop its own super-jumbo, potentially upsetting the effective global duopoly shared between Boeing and Airbus. Chinese aviation officials, bureaucrats and media have painted the move as a major step in nation building and may prove unsettling to Western corporations and governments.


It is unclear if the proposed super-jumbo will be primarily about satisfying the increasing domestic market or if it will target foreign aviation markets. The mainland market has proven consistently lucrative for Boeing and Airbus as increasingly heavy pocketed consumers turn to air travel. In the last 10 years, 138 million Chinese travel by plane every year, this represents an increase of 105%. This demand has translated to 60 Chinese orders for its new Dreamliner, and Airbus has received 100 orders including 5 for its new A380 super-jumbo.
Source: The Guardian

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