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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2802)	3/12/2004 7:18:03 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China plans own large aircraft BEIJING: China is likely to start developing its own large aircraft rather than rely solely on foreign giants Boeing and Airbus, state press reported Friday. China’s State Council, the cabinet, has ordered a study on the feasibility of making aircraft with over 150 seats, the official China Civil Aviation journal said, citing industry sources. The move comes despite the embarrassing flop of two decades ago when China Aviation Industry Corp I (AVIC I) attempted to launch a domestically-made 150-seater Y10. The state-owned group spent 537.7 million yuan (RM246.6 million) in development but was forced to shelve mass production when it failed to secure a single order from domestic carriers that preferred foreign aircraft. However, with improving technology, AVIC I has already received 35 orders from domestic carriers for its new 70- to 90-seat regional jet, the ARJ21, which is scheduled for commercial launch by 2007. Meanwhile, rival China Aviation Industry Corp II (AVIC II) has secured at least six orders for its 50-seater EMB-145LR, jointly developed with Brazil’s Empresa Brasileira de Aeronautica SA. “Che chances of local airlines ordering self-developed large aircraft is big, if these aircraft pass safety checks by the Civil Aviation Administration of China, the US Federal Aviation Administration and the European Joint Aviation Authorities,” said one industry insider. AVIC I units Shanghai Aviation Industry and Xian Aircraft Industry (Group) Corp have some experience in aircraft manufacturing and are vying fiercely to take on the potentially lucrative building of larger aircraft. Shanghai Aviation Industry made the Y10 and then co-produced MD-82s and MD-90s with McDonnell Douglas in the 1980s and 90s. Xian Aircraft Industry has so far sold more than 100 of its home-designed Y7 jet series of up to 60 seats. Like their peers in most other countries, Chinese airlines rely heavily on Boeing and Airbus aircraft for both long-haul and short-haul regional services. With China’s economy expected to grow at an average 7.0-8.0 per cent annually, it is estimated the country will need nearly 2,400 new jet planes worth 197 billion dollars over the next 20 years. - AFP dailyexpress.com.my