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By www.ProfitableInvestingTips.com
After a thirty year hiatus China is
again going to try to enter the
large passenger jet market.
According to CNN China has just
rolled out a new passenger jet.
Before We Continue…
Click the links below to get your
FREE training materials.
Free Weekly Investing Webinars
Don’t miss these free training events!
http://www.profitableinvestingtips.com/free-webinar
Forex Conspiracy Report
Read every word of this report!
http://www.forexconspiracyreport.com
Get 12 Free Japanese Candlestick Videos
Includes training for all 12 major candlestick signals.
http://www.candlestickforums.com
Will the new Chinese passenger
jet hurt Boeing and Airbus?
Amid much fanfare on live
national television, China on
Monday rolled its first
homegrown large passenger jet
off the production line in
Shanghai, vowing to challenge
the dominance of Airbus and
Boeing in the global commercial
aviation market.
At the ceremony, a shiny C919 —
sporting a largely white fuselage
with a blue wavy stripe and a
green tail — was towed beneath
a banner with the phrase “a
dream takes off” and past a huge
Chinese national flag.
The C919 – a twin-engine,
narrow-body aircraft seating up
to 174 people – is similar in size
to the Airbus 320 and Boeing 737
series of jets, long the
workhorses for airlines around
the world.
With a flying range of up to
5,555 kilometers (3,451 miles),
it is designed to compete head-
to-head with its Airbus and
Boeing rivals, and said to easily
cover popular business and
leisure routes from China such as
Shanghai to Singapore and
Beijing to Bangkok.
Despite the understandable hype
over the high tech 787
Dreamliner the best-selling large
passenger plane ever is the
Boeing 737.
This is the niche that the Chinese
are targeting.
Boeing 737 and Airbus
A320
Just last year Bloomberg Business
noted that Boeing had produced
its 8,000th 737.
Airbus has produced slightly over
8,000 airplanes in its entire
existence and 6,000 are the
A320, its competitor to the 737.
Besides having delivered more
than 8,000 737s Boeing has
another 5,000 on order.
Boeing has seen great profits this
year based on strong commercial
plane sales according to DW.
US aerospace giant Boeing
reported Wednesday that it
delivered 184 airliners between
January and March 2015, up from
161 planes in the same period a
year ago.
The Chicago-based plane maker
reported especially strong sales
for its venerable 737 jet that
accounted for two-thirds of the
first-quarter deliveries.
As a result of higher commercial
aircraft deliveries, revenue
increased 8 percent from a year
ago to $22.15 billion (20.9 billion
euros).
Net profit also soared, rising 38
percent to $1.34 billion, up from
$965 million in the 2014 first
quarter.
Excluding $113 million in pension
expenses, adjusted earnings
reached $1.97 per share, Boeing
said, which was well above Wall
Street’s consensus estimate of
$1.81.
“The strong operational and
financial performance reinforces
our ability to continue providing
competitive returns for our
shareholders while investing in
technology and our people,” said
Boeing chairman and chief
executive Jim McNerney in a
statement.
Interestingly China just signed
a $38 billion order for Boeing
jets.
Bloomberg reports that the
agreement includes 190 737s, 50
wide body jets for Chinese
airlines and 60 single aisle planes
for leasing companies.
Boeing and Airbus were poised to
reap a haul of aircraft orders
from Chinese airlines as central
planners plot growth through
2020.
China is Boeing’s largest
international market, accounting
for about a quarter of the
company’s deliveries this year.
Boeing is also exploring whether
to open a factory in China to
complete work on its top-selling
737-model jetliners, a person
familiar with the matter said
earlier this month.
The country is poised to displace
the U.S. as the world’s biggest
aircraft and travel market within
two decades, according to
Boeing.
It predicts airlines will need to
add 6,330 new planes valued at
$950 billion by 2034 to keep pace
with travel growth.
Will the new Chinese passenger
jet hurt Boeing?
It would appear that there not be
any short term damage.
But, if the Chinese can produce
jets of decent quality for their
domestic market it will cut into
Boeing and Airbus sales.
On the other hand the Chinese
market will expand substantially
providing room for growth for all
aircraft makers.

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Will the New Chinese Passenger Jet Hurt Boeing?

  • 2. After a thirty year hiatus China is again going to try to enter the large passenger jet market.
  • 3. According to CNN China has just rolled out a new passenger jet.
  • 4. Before We Continue… Click the links below to get your FREE training materials. Free Weekly Investing Webinars Don’t miss these free training events! http://www.profitableinvestingtips.com/free-webinar Forex Conspiracy Report Read every word of this report! http://www.forexconspiracyreport.com Get 12 Free Japanese Candlestick Videos Includes training for all 12 major candlestick signals. http://www.candlestickforums.com
  • 5. Will the new Chinese passenger jet hurt Boeing and Airbus?
  • 6. Amid much fanfare on live national television, China on Monday rolled its first homegrown large passenger jet off the production line in Shanghai, vowing to challenge the dominance of Airbus and Boeing in the global commercial aviation market.
  • 7. At the ceremony, a shiny C919 — sporting a largely white fuselage with a blue wavy stripe and a green tail — was towed beneath a banner with the phrase “a dream takes off” and past a huge Chinese national flag.
  • 8. The C919 – a twin-engine, narrow-body aircraft seating up to 174 people – is similar in size to the Airbus 320 and Boeing 737 series of jets, long the workhorses for airlines around the world.
  • 9. With a flying range of up to 5,555 kilometers (3,451 miles), it is designed to compete head- to-head with its Airbus and Boeing rivals, and said to easily cover popular business and leisure routes from China such as Shanghai to Singapore and Beijing to Bangkok.
  • 10. Despite the understandable hype over the high tech 787 Dreamliner the best-selling large passenger plane ever is the Boeing 737.
  • 11. This is the niche that the Chinese are targeting.
  • 12. Boeing 737 and Airbus A320
  • 13. Just last year Bloomberg Business noted that Boeing had produced its 8,000th 737.
  • 14. Airbus has produced slightly over 8,000 airplanes in its entire existence and 6,000 are the A320, its competitor to the 737.
  • 15. Besides having delivered more than 8,000 737s Boeing has another 5,000 on order.
  • 16. Boeing has seen great profits this year based on strong commercial plane sales according to DW.
  • 17. US aerospace giant Boeing reported Wednesday that it delivered 184 airliners between January and March 2015, up from 161 planes in the same period a year ago.
  • 18. The Chicago-based plane maker reported especially strong sales for its venerable 737 jet that accounted for two-thirds of the first-quarter deliveries.
  • 19. As a result of higher commercial aircraft deliveries, revenue increased 8 percent from a year ago to $22.15 billion (20.9 billion euros).
  • 20. Net profit also soared, rising 38 percent to $1.34 billion, up from $965 million in the 2014 first quarter.
  • 21. Excluding $113 million in pension expenses, adjusted earnings reached $1.97 per share, Boeing said, which was well above Wall Street’s consensus estimate of $1.81.
  • 22. “The strong operational and financial performance reinforces our ability to continue providing competitive returns for our shareholders while investing in technology and our people,” said Boeing chairman and chief executive Jim McNerney in a statement.
  • 23. Interestingly China just signed a $38 billion order for Boeing jets.
  • 24. Bloomberg reports that the agreement includes 190 737s, 50 wide body jets for Chinese airlines and 60 single aisle planes for leasing companies.
  • 25. Boeing and Airbus were poised to reap a haul of aircraft orders from Chinese airlines as central planners plot growth through 2020.
  • 26. China is Boeing’s largest international market, accounting for about a quarter of the company’s deliveries this year.
  • 27. Boeing is also exploring whether to open a factory in China to complete work on its top-selling 737-model jetliners, a person familiar with the matter said earlier this month.
  • 28. The country is poised to displace the U.S. as the world’s biggest aircraft and travel market within two decades, according to Boeing.
  • 29. It predicts airlines will need to add 6,330 new planes valued at $950 billion by 2034 to keep pace with travel growth.
  • 30. Will the new Chinese passenger jet hurt Boeing?
  • 31. It would appear that there not be any short term damage.
  • 32. But, if the Chinese can produce jets of decent quality for their domestic market it will cut into Boeing and Airbus sales.
  • 33. On the other hand the Chinese market will expand substantially providing room for growth for all aircraft makers.