He is full of it.About two years ago, I was watching a think tank panel discussion on US-China economic and technology relationship. This was when the Trump trade war against China was on-going and tech war had started. The panelists discussed about the Made in 2025 and then about China's aviation ambition, COMAC and all that. One of the panelists, James Lewis from CSIS, who was often quoted by media and press on China tech affairs, said that the global civilian aircraft market is barely enough for two players, and China should not enter the competition.
I guess I was quite impressed by his frankness and honesty, with no usual code words or phrases such as government support, state subsidies and any such things.
The whole world is developing right now. Poor countries with large populations are becoming richer which will enable all these people to travel by air. All this will organically create a supercharged demand potential for Boeing and Airbus to tap on and sell them loads of aircraft and all the fabulous "maintenance" services (thats where the real money is ..).
In fact, I would say that, not 2, not 3, most probably the world can afford 4 world class aircraft makers.
The upcoming decades will give hundreds of billions or even trillions of dollars to just these 2 companies
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