Industry insiders expect that China will be competitive in commercial aircraft by 2030, taking market share from Boeing and Airbus.
Supply chain and labor issues represent severe challenges to both companies, as they struggle to keep up with booming industry demand. COMAC, a Chinese manufacturer of passenger jets, is picking up high volumes of business from carriers in Mainland China, which will be the world's largest market over the next 20 years.
High hurdles remain for COMAC, most notably involving questions as to how quickly the company can scale up to meet production demands of international carriers.
Resources and links:
Nikkei, China's COMAC maps out future, armed with fresh mainland jet orders
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Bloomberg, GE Aerospace Says Shortages Involve Over a Dozen Suppliers
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Bloomberg, Fake Jet-Engine Parts Case Prompts Call for Supply Chain Reforms
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Reuters, Airbus, Boeing aircraft delivery delays not improving, IATA head says
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Reuters, Boeing starts issuing layoff notices as planemaker trims 10% of workforce
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Infographic, the Boeing/Airbus backlog
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Airline duopoly to monopoly – is Airbus forging ahead?
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Closing scene, Anshun Bridge, Chengdu, Sichuan
