"The Empire Strikes Back" - Chinese planes in the sky

168-seat aircraft production of Chinese state-owned company Commercial Aircraft Corp. (Comac) - model C919, which is scheduled to enter service in 2016, and the first flight to take place in 2014, will consume 15% less fuel than the current Boeing 737 and Airbus A320.

Early Comac focus on Chinese customers single-aisle aircraft C919, and then it tries to compete abroad in the traditional markets for Boeing and Airbus. Chinese air carriers over the next 20 years may need to 3,71 thousand new aircraft, of which 70% will be single-aisle.

In the medium and long term, the Chinese aircraft manufacturers will be able to compete with Boeing and Airbus. The price will be their main advantage. Chinese aircraft will cost less than will cost the airliner Boeing or Airbus. The first customers Comac, likely will become Air China Ltd., China Southern Airlines Co. and China Eastern Airlines Corp.

Interestingly, how much will cost shares Commercial Aircraft Corp. in the Stock market in 2016 ?
08.09.2009