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The aviation sector is not exactly the most competitive sector in the world. All business is basically split between two giants: Airbus and Boeing. Together, they account for over 90% of aircraft sales worldwide. This is a sector that is also expanding rapidly. Over the next two decades alone, at least 39,000 new planes will be required. So we’re talking about a huge business.
We’re starting to see how new companies have already announced plans to enter one of the most complex sectors in the world. Two Asian companies are the main contenders to challenge the crown: China’s COMAC and Mitsubishi Heavy Industries of Japan.
However, developing an aircraft that meets all safety requirements, reliability in environmental impact and fuel efficiency is not an easy task, nor is competing with two giants like Boeing and Airbus.
In this video we ask: Will these new companies be able to get a foothold? Can they give Boeing and Airbus a run for their money? In this video, we’ll tell you all about the new developments that are happening in the aviation world.
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The Boeing Company (LON: BOE) is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product support services.
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Japan is divided into 47 administrative prefectures and eight traditional regions. The Greater Tokyo Area is the most populous metropolitan area in the world, with more than 37.4 million residents.
Japan is a great power and a member of numerous international organizations, including the United Nations (since 1956), the OECD, and the G7. Japan is a leader in the automotive and electronics industries.