China establishes a homegrown company to make passenger jumbo jets

TheLancinator · 05-11-2008, 05:27 PM

China establishes a homegrown company to make passenger jumbo jets
Associated Press

BEIJING (AP) -- China has established a homegrown company to make passenger jumbo jets, state media reported Sunday -- a step forward in the country's quest to become less dependent on Boeing and Airbus.

China Commercial Aircraft Co. was established in Shanghai with registered capital of 19 billion yuan ($2.7 billion), the official Xinhua News Agency said.

It said the central government and the Shanghai government are among the major shareholders, as are China's two main aircraft manufacturing and servicing companies, China Aviation Industry Corp. I and China Aviation Industry Corp. II, which were split off from state-owned China Aviation Industry Corp. in 1999.

Europe's Airbus has forecast that China's domestic market will increase fivefold by 2026. Airbus and Chicago-based rival Boeing dominate the market for commercial airplanes carrying 100 or more people.

Xinhua said Commercial Aircraft Co. will be able to make planes with more than 150 seats.

General manager Jin Zhuanglong said in a Xinhua interview that it was too early to say when a Chinese-developed jumbo jet would be taking off, as it would take a long time to develop homegrown talent and do research.

"According to the development history of Airbus and Boeing, the development and success of civil planes cannot be realized by relying on one or two generations," he said.

TheLancinator · 05-11-2008, 05:28 PM

Experiencing the quality of a lot of Chinese items, I don't think I'd be in a rush to get on board a Chinese made jumbo jet

beowulf · 05-11-2008, 05:30 PM

if you are chinese and going from one side of china to another in 20 years time you might not have a choice

Prof Maxwell · 05-11-2008, 06:54 PM

that's gonna cost them a lot of money to establish. With so many international commercial planes out there for sale, I wonder why they feel a need to have a homegrown airliner?

I sure doubt they'll ever be a threat to Boeing or Airbus

05-11-2008, 05:27 PM	#1
TheLancinator I love Post Icons Join Date: Jul 2006 Tournaments Won: 2 Location: Colorado, USA Posts: 119,462 Thanks: 83 Thanked 875 Times in 613 Posts	China establishes a homegrown company to make passenger jumbo jets China establishes a homegrown company to make passenger jumbo jets Associated Press BEIJING (AP) -- China has established a homegrown company to make passenger jumbo jets, state media reported Sunday -- a step forward in the country's quest to become less dependent on Boeing and Airbus. China Commercial Aircraft Co. was established in Shanghai with registered capital of 19 billion yuan ($2.7 billion), the official Xinhua News Agency said. It said the central government and the Shanghai government are among the major shareholders, as are China's two main aircraft manufacturing and servicing companies, China Aviation Industry Corp. I and China Aviation Industry Corp. II, which were split off from state-owned China Aviation Industry Corp. in 1999. Europe's Airbus has forecast that China's domestic market will increase fivefold by 2026. Airbus and Chicago-based rival Boeing dominate the market for commercial airplanes carrying 100 or more people. Xinhua said Commercial Aircraft Co. will be able to make planes with more than 150 seats. General manager Jin Zhuanglong said in a Xinhua interview that it was too early to say when a Chinese-developed jumbo jet would be taking off, as it would take a long time to develop homegrown talent and do research. "According to the development history of Airbus and Boeing, the development and success of civil planes cannot be realized by relying on one or two generations," he said. __________________

05-11-2008, 05:28 PM	#2
TheLancinator I love Post Icons Join Date: Jul 2006 Tournaments Won: 2 Location: Colorado, USA Posts: 119,462 Thanks: 83 Thanked 875 Times in 613 Posts	Experiencing the quality of a lot of Chinese items, I don't think I'd be in a rush to get on board a Chinese made jumbo jet __________________

05-11-2008, 05:30 PM	#3
beowulf knee deep in sceptic..... Join Date: Nov 2004 Location: Little San Francico, U.K. Posts: 37,561 Thanks: 7 Thanked 99 Times in 76 Posts	if you are chinese and going from one side of china to another in 20 years time you might not have a choice __________________ http://silentwulf.com/flash/Hal.swf The time you enjoy wasting is not wasted time--Bertrand Russell Growing old is mandatory, growing wise is optional

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05-11-2008, 06:54 PM	#4
Prof Maxwell Banned Join Date: Feb 2007 Location: USA Posts: 6,350 Thanks: 0 Thanked 153 Times in 64 Posts	that's gonna cost them a lot of money to establish. With so many international commercial planes out there for sale, I wonder why they feel a need to have a homegrown airliner? I sure doubt they'll ever be a threat to Boeing or Airbus