world growth

world growth

Monday, November 3, 2008

G.E. Orders Jets Made by China

reported by NYtimes, hope this will be a new beginning of China's aircraft industry

G.E. Orders Jets Made by China


The Commercial Aircraft Corporation of China won its first overseas regional-jet order, worth about $750 million, from General Electric as China aims to challenge the dominance of Boeing and Airbus in the aviation market.

G.E., which is in the aircraft leasing business, will sign a contract for up to 25 ARJ21-700s at the Zhuhai air show on Tuesday, Zhang Qingwei, chairman of the airplane maker, said. The planes, China’s first regional jet, cost about $30 million each, said Chen Jin, the general manager for marketing and sales. The order is for five aircraft, with options for 20 more, said Dan Whitney, a G.E. spokesman.
“It demonstrates our ability and commitment to continue to invest in emerging markets where we see solid growth potential,” Mr. Whitney said. G.E. is the world’s largest aircraft-engine maker.

http://www.nytimes.com/2008/11/04/business/04ge.html

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