China is making its boldest attempt yet to break the stranglehold that Airbus SE and Boeing Co. have on the market for big commercial airliners. After years of delays, the nation’s first modern large jet is expected to make its maiden flight....Hmmm....looks like a who's who of my stock portfolio. I wonder how long it will be before all that technology is pirated by mainland companies. I'm guessing not very long.
The 158-174 seat C919 is made by state-owned Commercial Aircraft Corp. of China Ltd. and follows Comac’s development of a smaller, regional jet, the ARJ21, that was flown by a Chinese airline for the first time last year. The C919 brings Comac to the table in one of the most lucrative sectors of commercial aviation, competing head-to-head with Boeing’s ubiquitous 737 and Airbus’s A320....
The Chinese jet demonstrates the extent globalization has taken over the manufacture of major engineering products. Just as the jet relies on systems from firms based around the world, many of those systems are built with components that originated in China.
The C919’s engines for example are made by CFM. CFM’s parents, GE and French manufacturer Safran Aircraft Engines, in turn buy more than $500 million of Chinese-made parts a year for the company’s single-aisle jet engine series, the company said.
Thursday, May 4, 2017
Western Subcontractors Help Chinese Plane Business