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China, russia and the large jets
01 September 2008
Adam Pilarski sets out his four main points on how China and Russia can become main players in the production of large aircraft.
A little over a year ago Steven Udvar-Hazy, chairman and chief executive officer, International Lease Finance Corp, wondered at an Istat meeting how likely it was that new players would enter the market to produce large jets. Going back a few decades, he pointed out, the landscape was dramatically different from today; hence why shouldn't it again be quite different in a couple decades.
So far two countries have expressed a desire to enter the 150-seat-plus market. The Russians have been there before and want to return with new products. The Chinese recently, in the words of their prime minister, expressed their belief in the inevitability of their product competing successfully in the large jet product market for the first time.
The Chinese pronouncement was greeted with a lot of scepticism. The Economist magazine and many pundits expressed doubts about the wisdom of China pursuing a policy of competing in...
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