Canada's Bombardier Expects Strong Chinese Demand for Small Aircraft
Hongkong (AP) — Executives from Montreal-based plane maker Bombardier (TSX:BBD) said Tuesday they expect strong demand from China amid increased domestic air and business travel that calls for smaller-sized aircraft in which the manufacturer specializes.
Trung Ngo, Bombardier Aerospace vice president for marketing and communications, said at a press conference at an Asian air show in Hong Kong that the company expects China to need 1,660 aircraft that seat up to 149 passengers in the next 20 years.
In a deal announced in June, Bombardier, the world's No. 4 plane maker, is co-operating with Chinese counterpart China Aviation Industry Corp. I on developing 90-to 149-seat commercial airplanes.
The agreement covers AVIC I's own five-abreast ARJ21-900 aircraft and Bombardier's proposed C-Series aircraft.
Ngo said despite Bombardier's technical assistance to AVIC I, demand for smaller aircraft in China is large enough for both companies to thrive in the country.
"The demand from China is very large and the rest of the world's market is big, so we don't see ourselves in conflict at all," he said.
ARJ-21, a passenger jet seating up to 85 that will be China's first homegrown commercial aircraft, aims to make state-owned AVIC I a competitor to other makers of smaller passenger jets like Bombardier and Brazil's Embraer SA, while laying the groundwork for the development of a Chinese commercial jet twice the size of the ARJ-21.
AVIC I says the ARJ-21 is expected to grab up to 60 per cent of the domestic market for mid-size regional airliners over the next 20 years.
China will need about 900 mid-sized regional jets over the next two decades, the company estimates, as economic growth drives an expansion of air travel and airlines look for planes best tailored to feeder routes.
Separately, David Dixon, Bombardier vice president for sales, said he expects demand in China for private jets to grow "exponentially" as Chinese companies expand abroad.
"Instead of being a recipient of inbound investment, now it is going out. They have to go these markets. They are going to see the value of having that flexibility," he told The Associated Press on the sidelines of the Hong Kong air show.
Dixon said Bombardier has received 200 orders for its private jets worldwide in the first two quarters this year, with seven coming from Greater China, which includes mainland China, Taiwan and Hong Kong.
He wouldn't break down how many orders the company received from mainland China.
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Source: http://canadianpress.google.com/
Copyright © 2007 The Canadian Press. All rights reserved.
Hongkong (AP) — Executives from Montreal-based plane maker Bombardier (TSX:BBD) said Tuesday they expect strong demand from China amid increased domestic air and business travel that calls for smaller-sized aircraft in which the manufacturer specializes.
Trung Ngo, Bombardier Aerospace vice president for marketing and communications, said at a press conference at an Asian air show in Hong Kong that the company expects China to need 1,660 aircraft that seat up to 149 passengers in the next 20 years.
In a deal announced in June, Bombardier, the world's No. 4 plane maker, is co-operating with Chinese counterpart China Aviation Industry Corp. I on developing 90-to 149-seat commercial airplanes.
The agreement covers AVIC I's own five-abreast ARJ21-900 aircraft and Bombardier's proposed C-Series aircraft.
Ngo said despite Bombardier's technical assistance to AVIC I, demand for smaller aircraft in China is large enough for both companies to thrive in the country.
"The demand from China is very large and the rest of the world's market is big, so we don't see ourselves in conflict at all," he said.
ARJ-21, a passenger jet seating up to 85 that will be China's first homegrown commercial aircraft, aims to make state-owned AVIC I a competitor to other makers of smaller passenger jets like Bombardier and Brazil's Embraer SA, while laying the groundwork for the development of a Chinese commercial jet twice the size of the ARJ-21.
AVIC I says the ARJ-21 is expected to grab up to 60 per cent of the domestic market for mid-size regional airliners over the next 20 years.
China will need about 900 mid-sized regional jets over the next two decades, the company estimates, as economic growth drives an expansion of air travel and airlines look for planes best tailored to feeder routes.
Separately, David Dixon, Bombardier vice president for sales, said he expects demand in China for private jets to grow "exponentially" as Chinese companies expand abroad.
"Instead of being a recipient of inbound investment, now it is going out. They have to go these markets. They are going to see the value of having that flexibility," he told The Associated Press on the sidelines of the Hong Kong air show.
Dixon said Bombardier has received 200 orders for its private jets worldwide in the first two quarters this year, with seven coming from Greater China, which includes mainland China, Taiwan and Hong Kong.
He wouldn't break down how many orders the company received from mainland China.
-------------------------------------------------------------
Source: http://canadianpress.google.com/
Copyright © 2007 The Canadian Press. All rights reserved.
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