In late September 2015, Boeing Co. announced a $1Trillion potential set of passenger airplane orders from China. In order to compete with European aircraft manufacturers, Boeing also plans to build an assembly plant right inside China. With the worth of future orders already surpasses that of current leader, France’s Airbus Group, Boeing may take over the leadership sometime between 2015 – 2035 and hopefully before 2020.
Bowing is a major member of the exciting and innovative NASA Commercial Crew group of private businesses. Boeing is developing new aircraft and space craft, from its 737 narrow-body airliner to its huge 787 Dreamliner to its space-going CST-100 Starliner. We will see many more in the future.
Considering all these events and the fact that US workers will not lose aircraft jobs to China, additional jobs will be created in aircraft manufacturing on the West Coast and Gulf Coast. On the Texas Gulf Coast, for instance, at least one private company is in the process of building an engine manufacturing plant and a space launch platform for private aerospace business. Alabama has opened a new airline assembly plant for the French in Mobile. The drone business, especially for search and rescue, is set to bring in billions of USD in revenues as well, especially in Ohio.
Are we making a mistake by manufacturing airliners for the Chinese government or is it good business? Feel free to make your comments below.