China's Comac aims to become aviation heavyweight
Zhuhai
IN a private room at Airshow China set aside for discreet deal making, the Commercial Aviation Corp of China has hung a picture of President Xi Jinping sitting in the cockpit of one of its new planes.
The glossy photo is more than just a celebrity endorsement: It represents the status of the company, known as Comac, as the country's largest foray into commercial aviation. And Comac has ambitions to push beyond the borders of China, facing off directly with Western heavyweights in a global market that by some estimates is expected to see more than US$4 trillion in sales over the next 20 years.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Porsche to open S$100 million ‘experiential centre’ in Changi by 2027
SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand
Ford’s Lawler to hand over CFO role to ex-Lucid executive, transition to vice chair
Tata Motors Q4 profit jumps over three-fold
China’s Zeekr prices US IPO at top of range to raise US$441 million
BA-owner IAG projects strong summer after solid first quarter