SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: elmatador who wrote (24833)11/1/2002 2:40:15 AM
From: Maurice Winn  Read Replies (2) | Respond to of 74559
 
<Why pay royalties?> Because countries based on theft are hovels of places in which to live.

Mq



To: elmatador who wrote (24833)11/3/2002 9:51:26 PM
From: TobagoJack  Read Replies (2) | Respond to of 74559
 
My Boeing contact says China will likely purchase 1800 jet planes in the coming 10 years, likely higher, to be evenly split between Airbus and Boeing (eventually accounting for 20% of Boeing output), and possibly Brazil. Now it looks like Brazil is definitely in the game:

biz.scmp.com

Monday, November 4, 2002
Mainland jet venture to start this year

AGENCE FRANCE-PRESSE in Beijing
A much-anticipated joint venture between China and Brazil to produce regional jets for the mainland and overseas markets will start operations by the end of the year, state media said yesterday.

The venture between China Aviation Industry Corp II (AVIC II) and Embraer would begin delivering jets by late next year and aimed for an annual capacity of 24 aircraft, Xinhua said.

"The co-operative agreement will rapidly upgrade the manufacturing capability of China's national aviation industry to meet the urgent demands of air transport," said AVIC II vice-general manager Xu Zhanbin.

The timetable for the deal to produce 30 to 50-seat turbofan jets was announced on the eve of the week-long Zhuhai Air Show.

The venture expected brisk demand, as observers estimated China would need up to 140 regional aircraft by 2005, and 110 of these would be 30 to 60-seaters, Xinhua said.

AVIC II and Embraer hoped to meet domestic demand as soon as possible and then start exporting jets, the agency reported. It did not say how long the venture would last and how much money would be invested.

Production will be based on domestic manufacturing of components and final assembly at the joint venture, according to plans drafted by AVIC II and approved by Chinese authorities.

The joint-venture factory will be based in Harbin, reports in the mainland media have said.

China is keen to make its own aircraft to meet air-travel demand within the country, which has soared despite the global industry slump following September 11 last year.

Before reaching the Embraer deal, AVIC II had been in talks with several foreign aircraft makers such as Bombardier for more than two years.

In September, mainland media reported Beijing had approved a rival project by AVIC I, another major Chinese aircraft maker, to make a jet with room for up to 79 passengers.

Although production of the ARJ21 appears not to involve foreign participants directly, AVIC I officials have said engines, avionics and other equipment will be procured globally.

Foreign companies including Pratt and Whitney Canada and General Electric have all pitched their engines for the project, which followed the failure of earlier efforts to build a joint-venture short-haul 100-seater with the Airbus Consortium and then with a South Korea consortium.