Dassault Aviation SA plans to boost its cooperation with Chinese aerospace group Avic in an effort to win 40 percent of China’s business jet market in the next two to three years, the head of Dassault Falcon told La Tribune.
Dassault is in preliminary talks with Avic about either taking part in the creation of a Chinese business jet or setting up an assembly line in China, mirroring European aircraft maker Airbus, the newspaper said.
“There should be a decision in 2011/12. We will then know, yes or no, whether we will collaborate more seriously with them,” Dassault Falcon Chief Executive Jean Rosanvallon told La Tribune in an article to be published on Wednesday, Reuters reports.
“If we don’t do anything, we definitely won’t gain anything,” he added.
Dassault Aviation hopes China will contribute 10 percent of its sales from 2011, or US$500 million, La Tribune added.
“In the long-term, one can imagine that China will represent a total market of 3,000 planes,” Rosanvallon said.
Dassault makes Falcon jets and competes with aircraft makers such as Textron Inc subsidiary Cessna, General Dynamics Corp unit Gulfstream and Canada’s Bombardier Inc for sales of luxury and business jets.