Airbus Group
, plans to double the annual value of aircraft components it sources from China to $1B by 2020. According to Reuters the news has been announced today by the firm’s China Chief Operating Officer, Rafael Gonzalez-Ripoll-Garzon. The Airbus major competitor Boeing is also trying to increase China component sourcing.
Kent Fisher, Boeing Commercial Airplane’s vice-president, confirmed that during the forthcoming years, his company is looking to double the $2B worth of aircraft parts it has sourced from China in total over the last 30 years.
According to Reuters, Boeing also disclosed it had signed a deal with Aviation Industry Corporation of China to produce composite tail parts for the Boeing 777 program. The production is to commence in 2017.
“China’s aviation market, one of the world’s fastest growing, is going through dramatic changes. Regulatory and policy reforms, low-cost carrier (LCC) and other innovative business models, new technology airplanes, and evolving consumer behaviors are driving airlines to launch additional direct flights and develop more point-to-point networks” according to Boeing. The company forecasts, China will need 6,020 new airplanes valued at $870B by 2033.
Courtesy of Boeing
Courtesy of Boeing
Source: Boeing, Reuters
Discussion
No comments yet.