The Commercial Aircraft Corporation of China Ltd (COMAC) and Canadian planemaker, Bombardier Inc, yesterday signed a framework agreement to establish a long-term strategic cooperation in the field of commercial aircraft development.
The deal will include collaboration in areas of marketing, customer relations and customer support strategies, in an effort to help each other increase overall market share. The companies also said they would “evaluate possibilities” for cooperation relating to their major aircraft projects – COMAC’s C919 and Bombardier’s CSeries. Potential ares of cooperation would include joint procurement as well as collaboration on future product lines.
The move is likely to strengthen the two planemakers’ efforts to compete with their major rivals Airbus and Boeing. Both the C919 and CSeries will compete in the lucrative narrow-body jet market with Airbus’ A320 and Boeing’s 737.
“COMAC is pleased to work closely with Bombardier to efficiently identify areas of mutual collaboration and explore future endeavours. Both our companies have specific strengths that, when combined, will enhance the competitiveness of our respective aircraft programs and businesses as a whole,” said Zhang Qingwei, Chairman of COMAC.
“This agreement represents another important step in the strengthening of our relationship. We believe that this collaboration will generate positive results for both the C919 and CSeries aircraft programs. It also opens the door to further cooperation on any other projects that would be mutually beneficial,” added Pierre Beaudoin, President & Chief Executive Officer of Bombardier Inc.
The collaborative framework agreement was signed by Zhang and Beaudoin in Shanghai on Thursday.