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Airbus Warns COMAC May Challenge Its Mkt Leadership
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Airbus CEO Guillaume Faury warned that Commercial Aircraft Corporation of China (COMAC) might pose a challenge to Airbus and Boeing (BA.US), which may lead to a triopoly in the industry down the road, according to foreign media reports. When asked about COMAC's plans to increase production of the C919 aircraft, Faury said that the C919 is a narrow-body aircraft akin to the best-selling Airbus A320 series and Boeing 737 Max. He did not rule out the possibility of COMAC achieving success in this highly competitive field. AAStocks Financial News |
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