Canadian group Bombardier Inc is banking on strong demand in China’s fast growing economy to land orders for its new CSeries planes, a company executive said.
Bombardier forecast global demand for 100- to 149-seater commercial planes to be around 6,700 over the next 20 years, of which China will account for 1,400 as a billion Chinese fly for business or leisure early next decade.
“I am very bullish about the Chinese market. It is still a big task for us to work with the airlines (and to) demonstrate to them that it is a good airplane for them to add to their fleet,” Trung Ngo, a vice president for Asia Pacific, told Reuters on Wednesday.
The CSeries of the world’s third-largest civil aircraft maker is a family of narrow-bodied, twin-engined planes with 100-140 seats, and competes with the Airbus (EAD.PA) A320, Boeing’s 737 and COMAC’s C919 when China launches it in the next few years.
Planes such as the CSeries, which uses engines made by United Technologies (UTX.N) unit Pratt & Whitney, and COMAC’s C919 are more fuel efficient compared to those built now, analysts said.
Montreal-based Bombardier plans to launch the plane in the latter part of 2013.
Analysts said they were disappointed that the company failed to clinch any Chinese orders at the airshow, especially for its CSeries.
China plans to build 90 new airports in the next 10 years, many of them in western provinces.
“The traffic growth will be driven by the western provinces,” Ngo said.