What have you always wondered about the economy? Tell Us

Commercial Aircraft Corporation will deliver 100 jetliners

Rob Schmitz Nov 17, 2010
HTML EMBED:
COPY

Commercial Aircraft Corporation will deliver 100 jetliners

Rob Schmitz Nov 17, 2010
HTML EMBED:
COPY

TEXT OF STORY

STEVE CHIOTAKIS: A Chinese airplane company has announced it’ll deliver 100 orders for commercial jetliners. The Commercial Aircraft Corporation is trying to beat out Boeing’s popular 737 and the Airbus A320 for the skyrocketing air travel market in China. But can a Chinese company compete with the likes of Boeing and Airbus?

From Shanghai, Marketplace China Bureau Chief Rob Schmitz reports.


ROB SCHMITZ: 700 million people will be flying the friendly skies in China by the end of the decade — that’s ten percent of the world’s population. It’s a market that’ll be worth close to half a trillion U.S. dollars. China’s hoping its new C919 aircraft will start cutting into Boeing’s 52 percent share of that market. But not if Boeing’s Randy Tinseth has anything to do with it.

RANDY TINSETH: To follow the competition is a pathway to mediocrity. We don’t want to be mediocre.

For some Chinese products, “mediocre” might be seen as a compliment. And that’s why industry experts question the foreign appetite for these new planes. But the C919’s manufacturer isn’t worried. That’s because it’s owned by the government, just like most airlines in China. In essence, it’ll sell airplanes to itself.

In Shanghai, I’m Rob Schmitz, for Marketplace.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.