hr: Jets

Boeing and Airbus will have a new competitor in town. China recently launched their first aircraft manufacturing company called Commercial Aircraft Corp. of China.

Photo Credit: dustinbrice3

China’s booming economy made their vision of removing their reliance on foreign aviation manufacturers a reality. The company registered almost US$3 billion dollars amounting to 19 billion yuan for their capital with the government being the major stockholder having invested 6 billion yuan while two other government owned domestic aircraftmakers, AVIC I and AVIC II merged to join them as shareholders as well.

They have plans on being a major global manufacturer in terms of production of super jumbojet passenger airlines as they will focus on making sure they produced quality commercial jets. Shanghai will be their main center as the planes will be assembled there while other parts such as the nose, fuselage and tail will be manufactured on other China provinces creating more jobs for the chinese.

By 2020, the skies will no longer be dominated by the American and European planes although some aviation analysts are saying that it will not create so much impact on Boeing and Airbus because of the Chinese limited experience in building large passenger jets unless they welcome more investors from the private sectors that will provide more cash and not limit their development by relying on their government alone.

CACC is developing a 90-seater regional jet called ARJ21-700. This will be China’s first produced regional jet. It is not a state-of-the-art jet that can compete with the recent aircrafts released by Airbus and Boeing but can be an alternative option.

The ARJ21-700 is just a beginning. Their long-term vision is to create jumbo jets capable of seating 150 passengers and freighters capable of carrying around 100 tons of cargo thereby making their presence felt in global aviation industry.