Comac Says C919 Will Be Cheaper Than Boeing, Airbus (Update1)
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By Bloomberg News
Sept. 8 (Bloomberg) -- Commercial Aircraft Corp. of China said its first commercial jet will “surely be cheaper” than comparable-sized Boeing Co. and Airbus SAS models as the country seeks to develop its own aerospace sector.
The 168-seater C919 will use as much as 15 percent less fuel than current Boeing 737s and Airbus A320s, Chen Jin, Comac’s sales head, said at the Hong Kong air show, where the company is showing a model of the plane for the first time.
Comac will initially target Chinese customers for the C919 before seeking to challenge Boeing and Airbus overseas for single-aisle plane orders, the largest segment of the market. The plane is part of China’s push to develop its own technologies in a range of industries to move beyond being a low-cost assembler for overseas companies.
“Our home market is the biggest market and has the most the potential, so it’s unnecessary to pursue overseas sales just yet,” Chen said. “In the future though, we will surely go into Europe and the U.S.”
The plane’s development schedule will likely coincide with a surge in aircraft orders worldwide as airlines move ahead with fleet plans delayed by the global recession, Chen said.
Share | Email | Print | A A A
By Bloomberg News
Sept. 8 (Bloomberg) -- Commercial Aircraft Corp. of China said its first commercial jet will “surely be cheaper” than comparable-sized Boeing Co. and Airbus SAS models as the country seeks to develop its own aerospace sector.
The 168-seater C919 will use as much as 15 percent less fuel than current Boeing 737s and Airbus A320s, Chen Jin, Comac’s sales head, said at the Hong Kong air show, where the company is showing a model of the plane for the first time.
Comac will initially target Chinese customers for the C919 before seeking to challenge Boeing and Airbus overseas for single-aisle plane orders, the largest segment of the market. The plane is part of China’s push to develop its own technologies in a range of industries to move beyond being a low-cost assembler for overseas companies.
“Our home market is the biggest market and has the most the potential, so it’s unnecessary to pursue overseas sales just yet,” Chen said. “In the future though, we will surely go into Europe and the U.S.”
The plane’s development schedule will likely coincide with a surge in aircraft orders worldwide as airlines move ahead with fleet plans delayed by the global recession, Chen said.
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