The Boeing Max disasters are currently under discussion a lot. However, China has started manufacturing its own aircraft and is likely to become the world’s largest aviation market.
Boeing is dealing with the consequences of the crash of 737. China is seeking to enter the aerospace market and compete with dominant players Airbus and Boeing. The US aerospace giant is in risk this year; with 2 grave accidents, killing 346 people in just 5 months.
Boeing is currently working on software updates to prevent accidents like this. But meanwhile, China is looking to find the best way to secure a business prospect.
Commercial Aircraft Corporation of China (Comac) is currently making Chinese planes. It is successful in making two types of jets, the ARJ21, and the C919. Furthermore, it is also working on another type with Russia. Presently, ARJ21 jet, which is 90-seat, is in service. The C919 is likely to be the first passenger jet seating up to 168 people. It is the first large passenger jet that the company has launched as a competition to Boeing 737 Max and Airbus A320neo.
Presently, Comanc has certification only from China’s aviation regulator to fly. The aircraft is also operational in parts of Africa, Asia, and South America that acknowledge the Chinese certification.
For expansion to other markets, the planes will need to get approval from the US Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA).
In the event of failure, Comac will still have access to an enormous and rising market. By the mid-2020s, the aviation market of China is likely to overtake the US. By 2037, China will be adding 1 billion, new passengers with a total passenger count of 1.6 billion.
In March, Airbus got an order from the Chinese airlines for 300 jets. The value of the deal was worth billions of pounds, causing more pressure on competitor Boeing. During the visit of Chinese President Xi Jinping to Paris, signing of purchase deal of 10 larger A350 XWB aircraft and 290 single-aisle A320s was done.
Across the globe, Aviation is changing along with the changing customer demand. The expanding Chinese market gives large chances for Airbus and Boeing. However, the potential of Comac is a threat to the established players.