Beijing, June 10: In the aviation industry, Boeing and Airbus have the majority share. They account the majority of market share. To break this market dominance, Russia and China have formed the China-Russia Commercial Aircraft International Co (Craic). They are planning to produce a twin-aisle airliner. Commercial Aircraft Corporation of China (COMAC) and Russia's United Aircraft Corporation have joined the alley to compete with dominant passenger planes.
Craic is trying to lower cost to enter the competition in a better place. New planes will have 10% lower operating cost. The new planes will contain "advanced aerodynamic design" and "engines with low fuel burn."
Other than engineering there are many other issues. Craic also needs to address global supply chain, of reliable, long-term engineering and testing. General Electric, Honeywell, and Safran these aviation supply chains already collaborated C919.
According to the International Air Transport Association, Chinese aviation market will become the largest in the world in terms of passengers by 2024. US and Europe already have their airplane giants. China and Russia will; also have their own if the project becomes successful.
CEO Michael O'Leary said "we are pleased that there is now a real alternative to Boeing and Airbus, and we are seriously interested in the development of a 200-seat variant of the C919 aircraft." Aircraft's maiden flight, contingent on a 199-seat model of the plane is already sold.