Chinese jet will undercut Boeing, Airbus - COMAC
Commercial Aircraft Corp of China (COMAC), the state-controlled planemaker, has said that its first commercial jet will “surely be cheaper” than comparable Boeing and Airbus models, heightening competition in the world’s aviation market. According to a Bloomberg report, COMAC’s sales chief, Chen Jin, said that the 168-seat C919, due to enter service in 2016, will use up to 15% less fuel than current Boeing 737s and Airbus A320s. However the new passenger jet will initially focus on the domestic Chinese market before seeking to challenge Boeing and Airbus in the international arena.
“Our home market is the biggest market and has the most potential, so it’s unnecessary to pursue overseas sales just yet,” Chen was reported saying at the Asian Aerospace event in Hong Kong. “In the future though, we will surely go into Europe and the US,” he added.