Chinese take-out

Chinese officials say they’re working on a plan to develop a new 175-seat single aisle jet to compete with Boeing’s 737 and Airbus’ A320, according to The Telegraph in London. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/01/09/cnchina09.xml&menuId=242&sSheet=/money/2006/01/09/ixcitytop.html

Key Quote: “A senior Chinese aviation official said the country was in a ‘rush’ to build its own aircraft before demand peaked during the next 20 years.”