- November 25th, 2006, 6:32 am
#43394
I was just watching the Nightly Business Report on PBS, and there was a segment on the rapidly expanding Chinese Aviation field. Due to the volume of pilots that they need to train in order to keep up with the aggressive air industry expansion, they are looking to partner with institutions (starting in Australia, they are sending 200 students to a university that has its own airstrip) that can help them train the pilot recruits. The program cited that China plans to buy upwards of $200 Billion worth of planes from the likes of Air Bus and Boeing, but that they cannot train enough pilots fast enough to keep up with the roll out of the expansion.
Not sure if the Chinese government would send students all the way to the US, nor if they would send the students to a faith-based university, but its at least advantageous to be aware of those developments. Oh, and upon doing some more analysis, perhaps picking up a few shares in Boeing might look good if China makes good on those contracts....
Not sure if the Chinese government would send students all the way to the US, nor if they would send the students to a faith-based university, but its at least advantageous to be aware of those developments. Oh, and upon doing some more analysis, perhaps picking up a few shares in Boeing might look good if China makes good on those contracts....
US Boeing aircraft occupies 2/3 of China's aviation market
Li Jiaxiang, president of China National Aviation Holding Company, said the development of China's aviation industry has brought great benefit to American aircraft manufacturers. China started to buy Boeing 707 in 1972. By November 2005, 544 out of 800 airplanes operating in Chinese market are from Boeing company, in addition to those in operation in Hong Kong, Macao and Taiwan. China has spent $40 billion to buy Boeing aircraft. And the Boeing company predicts that China will buy 2,600 new planes worth $213 billion in the following 20 years.