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China wants to take a bite out of the global aviation market with COMAC's C919, ... neither Boeing nor Airbus—the current duopoly controlling the market—see the C919 as a threat in the short-term.
The China-based airline maker has been working for well over a decade to build a challenger commercial aircraft that can shake up Boeing and Airbus’s stronghold.
The Comac C939 is a planned long-range wide-body twinjet airliner family being developed by Chinese Comac as a competitor to the Boeing 777 and Airbus A350. [1] It is designed to be larger than the other two models in its domestically produced aircraft line: the Comac C919 and Comac C929.
On U.S. stock markets, Boeing shares initially fell by 7.8 percent and China Eastern shares by 8.2 percent after the incident. [81] [28] On the Hong Kong Stock Exchange, China Eastern shares dropped by 6.5 percent. [81] Boeing offered its condolences to the families of the victims and said that it was in contact with China Eastern and the NTSB ...
The Comac C929 is an under development long-range 250-to-320-seat wide-body twinjet airliner by Chinese state-owned aircraft manufacturer Comac as a competitor to the Airbus A330neo and Boeing 787 Dreamliner.
Boeing may now enjoy a practical duopoly with Airbus. Still, by the time the next generation of aircraft is in play, China's Comac and possibly Russia's Yakovlev may have narrow-body airplanes ...
The $8.7bn over 40 years incentive to Boeing to manufacture the 777X in the state includes $4.2bn from a 40% reduction in business taxes, £3.5bn in tax credits for the firm, a $562m tax credit on property and buildings belonging to Boeing, a $242m sales tax exemption for buying computers and $8m to train 1000 workers, [161] Airbus alleges this ...
Trade power tensions, regulatory hurdles and attempts by the West to counter Chinese competition are delaying a return of the 737 MAX in China, frustrating Boeing Co as a potential rival ...