Contracts Worth $3 Billion Signed
You've heard of the Paris Air Show and the Farnborough event.
Now, get used to Airshow China, held every other year in
China has just concluded its sixth exposition, where 18 major
aircraft manufacturers and about 550 other companies from around
the world have shown off their wares for one of the fastest growing
aviation markets anywhere. Zhuahai is a southern Chinese boomtown
near Hong Kong and offered plenty of airspace for planes to
demonstrate their talents.
The China Daily reports China is expected to be the
fastest-growing market for commercial aircraft over the next two
Boeing said last week that it expects carriers to purchase 2,900
new planes worth $280 billion over that period, and it expects many
of those aircraft wil be its new 787 Dreamliner.
Airbus added five A321s to its China order to complement the 170
A320s it has already agreed to build for various Chinese airlines.
It also agreed to build a production facility in China and will
allow that country to have a say in the design of the next Airbus
planes. In the future, five percent of Airbus models will be
designed by Chinese engineers, the planemaker said.
But the hardest-working salesmen at the event had to be the
Russians. While Boeing and Airbus only had a few scale models to
display, Russia showed up with an entire squadron of fighters,
missiles, airliners, and cargo aircraft, along with associated
They even put on an aerial display of the Russian Air Force
"Knights" aerobatic team, flying five Sukhoi 27s.
No western countries had any military hardware for display,
apparently due to the US and European weapons embargoes imposed
after the Tianemen Square massacres in 1989.
The exhibition also showcased dozens of companies and products
from China's state-run aerospace industry, most notably the home-grown ARJ-21 regional
China View reports that over $3 billion dollars worth of
contracts and letters-of-intent were signed at the show.
Book your tickets now for the seventh Airshow China which will
start November 4, 2008 in Zhuhai.