China to develop commercial jet; could compete with Boeing and Airbus
China expects to start making homegrown large commercial aircraft by 2020, an aviation industry official said Monday, raising the possibility of future competition for Boeing and Airbus in the country's booming market for new planes. The ambitious target points to rising confidence among officials and the government-funded aircraft industry following apparent success in developing China's first commercial jet aircraft, the mid-size ARJ-21 regional jet, the first of which is due to fly next year.
With China expected to buy 2,230 new planes between now and 2025, the government has fast-tracked development plans to ensure that its own companies grab a share.
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