Sunday, May 11, 2008

Watch Out Boeing: Competition from China

Boeing Co. (BA) and Airbus, a division of EADS (EADSY.PK), have a big competitor on the horizon, China Commercial Aircraft. This Shanghai based aircraft manufacturer has plans to develop larger size aircraft that will carry over 150 passengers. Supposedly, China will require about 2,650 additional aircraft over the next five years.

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