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Air Lease Isn’t Curious about China’s New Planes

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Skift Take

China’s ambitions for COMAC to rival Airbus and Boeing will in all probability take many years to realize. One of many largest plane lessors on the planet mentioned it presently wouldn’t purchase a COMAC industrial plane.

The manager chairman of Air Lease, one of many largest plane lessors on the planet, mentioned the corporate isn’t planning to purchase China’s C919 jets. 

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“The CCP and COMAC are very keen on promoting the C919,” mentioned Air Lease govt chairman Steven Udvar-Hazy on the Wings Membership in New York on Thursday. “However it’s a one-way relationship relationship.”

COMAC, China’s state-owned plane producer, debuted the C919 internationally on the Singapore Air Present. The producer pitched the narrowbody jet as a competitor to the Airbus A320 and Boeing 737 Max, however thus far, it’s had a lukewarm reception. 

Christian Scherer, the CEO of Airbus’ industrial plane division, beforehand mentioned the C919 was “not going to rock the boat.”

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COMAC mentioned it has 1,000 orders in its books for the C919, however they’re primarily from Chinese language plane leasing firms and airways. Plus, Airbus and Boeing — which primarily have a duopoly in industrial plane manufacturing — have orders booked by the top of the last decade. 

Whereas Boeing and Airbus presently don’t view the C919 as competitors, Boeing’s Asia-Pacific industrial advertising managing director Dave Schulte mentioned the U.S. aircraft maker is factoring in competitors from the C919 in its long-term forecasts, in line with CNBC. 

A Lengthy Shot for the C919

Udvar-Hazy additionally mentioned he didn’t consider the Federal Aviation Administration or the European Union Aviation Security Company would even approve the C919 for industrial flying. 

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“I don’t consider at this time limit that the FAA and the AASA would certify the 919 and its present state for export,” he mentioned. 

The Air Lease govt chairman pointed to an absence of infrastructure to make the C919 commercially viable in worldwide markets, saying the jet doesn’t have a world assist construction or technical assist coaching. 

“Look how lengthy it took for Airbus to develop that,” Udvar-Hazy mentioned. “With out that, there’s no export market. With out an export market, how do you worth a 919? What’s a 919 price 10 years from now?”

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See Steven Udvar-Hazy Communicate on the 2023 Skift Aviation Discussion board:

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