Enter the Dragon: Chinese aerospace deals setting frenetic pace

 - November 1, 2012, 5:07 PM
According to the U.S. Commerce Department, China is now the second-largest U.S. aerospace export market, behind France.

Between now and 2030, Bombardier estimates that China will need 2,300 business jets, or roughly 20 percent of the current U.S. market. Boeing estimates that Chinese airlines will need an additional 5,000 aircraft during the same period. 

Those are ambitious projections that assume much. Right now, movement of private aircraft throughout most of China remains tightly controlled and bureaucratically cumbersome. Throughout all of China in 2010 there were just 1,010 general aviation aircraft, an estimated 215 of them turbine powered. Chinese airlines currently operate approximately 800 aircraft, 49 percent of which are Boeing models.

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