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Upstart Chinese planemaker Comac is in talks with Saudi Arabia as it seeks to disrupt the Boeing-Airbus duopoly
(www.businessinsider.com)
this post was submitted on 29 May 2024
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This is the best summary I could come up with:
Saudi officials are talking to China's planemaker Comac as the latter seeks to expand, Reuters reported.
Now, it looks like China is eyeing Saudi Arabia as the place to expand its market share and start competing with the two big Western planemakers.
It comes after Saudi national carrier Saudia announced on Monday the biggest plane order in the kingdom's history.
The Saudia deal appeared as a snub to Boeing, given that the US planemaker had previously won a big order from Riyadh Air — another state-owned airline set to launch in 2025.
CEO Tony Douglas blamed negative media coverage of delivery delays and technical problems.
Earlier this month, the Brazilian planemaker Embraer denied The Wall Street Journal's report that it was working on a new narrowbody jet — capitalizing on Boeing's woes.
The original article contains 347 words, the summary contains 131 words. Saved 62%. I'm a bot and I'm open source!