China to challenge Boeing and Airbus

China plans to produce its own large commercial jet by 2020 to challenge the dominance of Airbus and Boeing in the world's fastest-growing aircraft market, the state media reported today.

Beijing has accelerated the development of a homegrown passenger aircraft to compete for the billions of dollars it is spending on foreign planes.

The blueprint for the large aircraft project will be completed by 2010, according to the Xinhua news agency, which highlighted the national prestige attached to the government-funded plan.

China to Develop Commercial Jet by 2020

Associated Press

Mon Mar 12

1