JOURNAL ARTICLE
China's new homegrown jet makes its inaugural commercial flight, posing the first real threat to Airbus and Boeing's duopoly in decades.
Published In: Fortune.com, 2023. P. N.PAG 1 of 3
Database: Business Source Ultimate 2 of 3
Authored By: Gordon, Nicholas 3 of 3
Abstract
The article focuses on the inaugural commercial flight of the C919, a narrow-body aircraft developed by the Commercial Aircraft Corporation of China (COMAC), which took place on a China Eastern Airlines flight from Shanghai to Beijing. This event marks a significant milestone for COMAC, as the C919 aims to compete with established models like Boeing's 737 Max and Airbus's A320, thereby challenging the long-standing duopoly in the commercial aviation market. The C919's development has been part of China's broader strategy for self-sufficiency in high-end manufacturing, particularly in light of increasing U.S.-China tensions and technology export restrictions. Despite receiving over 1,200 orders, COMAC anticipates a slow production ramp-up, projecting to manufacture only 150 planes annually by 2028. [Extracted from the article]
Additional Information
- Source:Fortune.com. 2023/05, pN.PAG
- Document Type:Article
- Subject Area:History
- Publication Date:2023
- Accession Number:163996870
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