UTX - China Starts Attack On Boeing And Airbus
On August 30, 2019, China's state-owned airlines Air China (AIRYY), China Eastern Airlines (CEA) and China Western Airlines each announced to purchase 35 ARJ21-700 regional jets from Commercial Aircraft Corporation of China ((COMAC)). These 115 airliners will be delivered from 2020 to 2024.
For Boeing (BA) and Airbus (EADSF), this indicates the next phase of Chinese home-grown, home-built airliners. As market leaders, they will be affected by this. This article tries to analyze the significance of this order and is a follow-up of China's Fast-Growing Airliner Market: Airbus Or Boeing?.