Paris Air Show 2011
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The announcement that Ryanair will develop a new airplane with state-backed Chinese aircraft manufacturer COMAC on Tuesday at the Paris Air Show is the latest step towards a Chinese-made large commercial airplane.
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The aerospace sector is “closer to the beginning than the end” of an upswing in orders, the chief executive of Boeing told CNBC Monday.
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The Chinese come to the Paris Air Show as both the world’s largest purchaser of jetliners and a budding manufacturer projected by some to one day challenge the dominance of Boeing and Airbus.
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The aviation industry is in recovery mode, but a lot depends on whether positive forecasts for 2011 and 2012 pan out. The Paris Air Show in late June will shed some light on that.
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Strong travel bookings and surging global sales will translate into 1,040 commercial-plane deliveries worldwide this year and 1,225 next year, after two very lean years.
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Known as the BRICs, Brazil, Russia, China and India look to compete on level ground with traditional players in the aviation industry.
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Demand for business jets could be flying high once again, as the economy slowly recovers and emerging global markets enter the fray. While business might not be picking up full throttle just yet, there is “cautious optimism” based on three important industry markers.
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Expect to see biofuels powering more flights in the coming months, as next-generation “green” fuels get the green light to take off.
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Cash-strapped nations are only now starting to loosen the purse strings on defense spending, and many may still be looking for bargains at the Paris Air Show this year..
Slideshows
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To mark the 2011 Paris Air Show, we've picked 12 aircraft, whose design and construction make them key players in almost a century of innovation. Click to learn more.