China’s aviation boom, driven by C919 and Airbus plant, an opportunity South Korean firms ‘must pursue’
- South Korea’s national trade and investment promotion agency says China is moving aviation parts supply chains from North America and Europe to neighbouring countries
- China is looking to ramp up aviation investment in the next few years, while it has received over 1,000 orders for its C919 narrowbody passenger jet
South Korean aerospace manufacturers are poised to tap into China’s burgeoning aviation market amid post pandemic supply chain reshuffling and surging demand, according to a report.
“Due to the unstable logistics and rapidly rising transportation costs during the Covid-19 period, China is increasingly moving existing aviation parts supply chains from North America and Europe to neighbouring countries,” the Korea Trade-Investment Promotion Agency (Kotra) said in its report.
Buoyed by the post-Covid recovery in the global aviation sector, China’s civil aviation market – the second-largest in the world – is hoping to boost its domestic production with the narrowbody C919 designed to compete with Boeing and Airbus.
The state-owned Commercial Aircraft Corporation of China, the manufacturer of the C919, has plans to ramp up investment in the next few years.