asif iqbal
Lieutenant General
I'll point out that nothing's worse than bringing an obsolete product late to market in this globalized hyper competitive product cycle. When there's no consolation for good efforts and first attempts it's probably better to cut your losses than to sink them in deeper. In China's case, given the intention of the ARJ21 was not to make a profit but to acquire the necessary organizational and knowledge capital to run a domestic industry, a cancellation would not be a waste. You don't learn much about sailing on a sinking ship. You learn other things about ships which may be valuable and useful though.
2,200 aircraft over 15 years, that's the forecast for the Chinese aviation market, by building your own the whole point is to claim part or portion of that market, the whole reason is to try and slice as much for indigenous contracts, why let Boeing and Airbus get all the profits? China is always competitive and this market is no different
If China manages to get even 10% of the share that' still 220 aircraft, that's still tens of billions of dollars, why let that go? Therefore old design or not, over budget over delayed so what, they need to get it to market and production so they can start making a impact on the domestic market share, thats the real motivation for ARJ21 and C919
Plus between then ARJ21 and C919overdue most 800 orders, thats hell of a incentive, and the reason why this project will never get cancelled, stakes are too high, these projects are high end projects, no chance they will compromise them, whoever suggested a cancellation does not under stand what this is about