China’s own aerospace ambitions and the geopolitical tensions that surround them could make it a turbulent ride.
Traffic is 8% higher than a year ago, data by Oliver Wyman’s PlaneStats show. In the U.S. and Europe, it is still down 41% and 68%, respectively.
With another 500 million Chinese expected to join the middle classes over the next few years, the country is also the industry’s big growth opportunity.
Relative to the rest of the world, China is especially important for the Boeing 737 and Airbus A320 families, which are the backbone of low-cost airlines.
Even if the C919 is delayed to end 2021, but its success is key to reach the objectives of “Made in China 2025″…
In this context, if the US Congress doesn’t relax the pressure on China, retaliation could cut the growth potential of many western companies.