Chinese Aeronautical Market: the Interest of Airbus, Boeing and Comac

23/09/2019

 

 

China is now the largest Airbus market in terms of fleet size with 1,779 of its aircraft in service. For this reason, the two main aircraft manufacturers in the world remain optimistic about the continent’s growth and have decided to invest more

 

The trade war between China and the United States of America does not scare Airbus, Boeing and Comac, which see the prospects for the Chinese aeronautical market in the next two decades as positive.

According to the optimistic outlook of the European giant Airbus, China will need 7,420 new aircraft over the next 20 years. A positive perspective also because there is to consider the China-US trade war and the grounding of Boeing 737 MAX 8 aircraft.

George Xu Gang, CEO of Airbus China, said during the Aviation Expo China week in Beijing, the company delivered 93 aircraft to mainland China buyers in the first seven months of this year. In addition, Xu said that China is now the largest Airbus market in terms of fleet size with 1,779 of its aircraft in service.

 

A total of 3,639 aircraft were operational in China by the end of 2018, according to official data.

 

For Airbus over the years, China has turned out to be a gold mine. Suffice it to say that if about two decades ago Airbus planes represented around 9% of the Chinese market, now Airbus also represents about half of this market.

In addition, Airbus also benefits from the current US-China trade war. With this in mind, the European company has absorbed the market share of the American rival Boeing, which could be further at risk if China decides to cut orders.

China is also approaching Europe. Suffice it to say that President Xi Jinping visited France earlier this year and soon after China announced a massive $ 35 billion order for 300 Airbus planes.

 

After an accident in Ethiopia in March, China was the first in the world to land the Boeing 737 MAX 8 aircraft

 

However, although there was no sign of Boeing at last week’s Beijing three-day aviation fair, the American company shared Airbus’s growth prospects, stating that China would need 8,090 new planes by 2038.

In addition, growth prospects also come from Commercial Aircraft Corporation of China (Comac), a Shanghai-based aerospace manufacturer, which claimed that Greater China, including Hong Kong, Taiwan and Macao, would need 9,205 aircraft by 2038. Comac will not only lead the development of the Chinese aviation industry, but will also lead the global industrial chain.

Wu Guanghui, chief designer of the C919 of Comac (response to the Airbus A320neo), said he was confident about the company’s prospects. “Comac will not only lead the development of the Chinese aviation industry, but will also lead the global industrial chain,” said Wu.

 

 

MORE ON THIS TOPIC

Leave a Reply

Your email address will not be published. Required fields are marked *