The C919 from China's Comac is not expected to significantly impact Airbus, according to the company.
- Christian Scherer, CEO of Airbus's aircraft commercial business, stated that the Comac C919 is not significantly different from what Airbus and Boeing already offer, and it will not significantly disrupt the market.
- Scherer remarked, with a hint of sarcasm, that the C919 resembles an Airbus narrow body, although it is not significantly different from what Airbus and Boeing already offer.
An executive from said he's not worried about China's homegrown airliner being the latest challenger to Airbus and Boeing's passenger jets.
Christian Scherer, chief executive officer of Airbus's aircraft commercial business, stated at a media roundtable on the sidelines of the Singapore Airshow that the Comac C919 is not expected to significantly impact the market.
Scherer remarked, with a hint of sarcasm, that the C919 resembles an Airbus narrow body, although it is not significantly different from what Airbus and Boeing already offer.
Scherer acknowledged that the C919 was a "legitimate effort" by China, but "the market is large enough for competition, we welcome the competition."
Scherer stated that it's common to encounter more competition and we shouldn't bury our heads in the sand.
CNBC did not receive an immediate response from Comac's spokesperson when requested a comment.
The Comac C919, developed by the Commercial Aircraft Corporation of China, is a narrow body jet that competes with the 737 and Airbus 320. It was certified by the Civil Aviation Administration of China in September 2022 and began commercial service with China Eastern Airlines in May last year.
The Comac C919 and Airbus A320neo share the same engine, the CFM International LEAP engines.
On Tuesday, at an air show, Comac disclosed that it had struck a deal with Tibet Airlines and placed an order for 40 C919 and 10 ARJ21 jets from the Chinese aircraft manufacturer.
A regional flight aircraft, the ARJ21 jet, is a short to medium range turbofan plane capable of flying shorter distances.
Despite being certified solely by Chinese authorities, experts predict that the C919 could challenge the commercial aviation market's dominance, shared between Boeing and Airbus.
Chris Olin, a Northcoast Research analyst, previously stated to CNBC that the industry contacts he speaks to view the issues at Boeing, particularly with the 737 Max, as an early chance for Comac.
— CNBC’s Nessa Anwar contributed to this story.
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