The Chinese commercial aircraft industry represents a significant opportunity for growth and competition in the global aeronautical market. With a forecasted 1 trillion US$ opportunity over the next 20 years, China aims to leverage its domestic demand to become a global leader in commercial airplanes. The Chinese aeronautical market is booming, with China expected to account for 17% of the 40,000 global airplane deliveries over the next two decades. The Chinese government has made efforts to structure a domestic commercial-aircraft manufacturing industry capable of reducing its dependency on foreign suppliers and competing with established OEMs on a global scale. With massive governmental support, the Chinese aeronautical industry is emerging, centered on AVIC and COMAC.
