Airbus CEO Dismisses China's Comac C919 Threat: 'Not Going To Rock The Boat'
Portfolio Pulse from Benzinga Neuro
Airbus CEO Christian Scherer downplays the threat from China's Comac C919, stating it won't significantly impact the market. Despite the C919's certification and entry into commercial service, Scherer views it as similar to existing Airbus and Boeing models and welcomes the competition. The C919 uses the same engines as the Airbus A320neo and has secured orders from China's Tibet Airlines.
February 20, 2024 | 8:17 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Airbus CEO Christian Scherer's comments suggest confidence in Airbus's market position despite the entry of Comac's C919, which uses the same engines as Airbus's A320neo.
Scherer's dismissal of the Comac C919 as a significant threat and his welcoming of competition may reassure investors about Airbus's market stability and its ability to maintain a competitive edge. The use of the same engines as the A320neo for the C919 could imply a shared supply chain strength, potentially mitigating direct competition concerns.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80