The Chinese airlines will need at least around 6,400 aircraft for their fleets within the next 15-20 years.
It is been few days since the Chinese President was in the US for trade agreements. Among those, he placed a gigantic order for 300 Boeing aircraft of various types and sizes.
An order of 25.0 billion USD, with an additional purchase option of an equal number aircraft.
Last week, Germany, through its Chancellor, during her visit to China with a group of businessmen, signed an agreement with the Chinese government, amounting to approximately 16.0 billion euros, for the sale of 130 Airbus A320 and A330, with a future option for the same number of Aircraft.
Of course, and for some years now, Bombardier has not been left disappointed by the Chinese.
After all, it has built manufacturing factories in China with the expertise for many types of Bombardier Aircraft.
The manufacturing costs in China, per aircraft, are about 25% of the cost for the same Aircraft in Canada.
Besides, it is well known that the Chinese airlines will need at least around 6,400 aircraft for their fleets within the next 15-20 years.
The cost of China’s particular orders at these levels will exceed 1.0 trillion US dollars, an amount truly staggering for the Aviation Industry.
The results of the above orders are certainly considered extremely positive for employment in the US, Europe and China (Boeing, Airbus and Bombardier).
Tens of thousands of jobs will be maintained for many years, offering a breath of development to the economy of the countries concerned.
At this point it would be appropriate to remind the present administration that the Hellenic Airline Industry at Tanagra, used to manufacture parts for Airbus aircraft in the past, according to a special agreement that existed.
Now maybe, instead of words, it is possible to ask Airbus to give new orders for components and parts of these new orders?
Such an agreement would provide a major lifeline for the now nonexistent primary sector of the Hellenic Industry.
Among the deliberations of the competent ministers and even the Prime Minister with the Germans, the current shareholders of the Airbus consortium, if necessary, such a debate, pressure and agreement would be highly effective.
Additional convergences of similar intergovernmental arrangements promote the minimal prospects in the primary sector of the suffering hellenic economy.
Without a sense of responsibility and practical solutions, the recovery is slow or never comes.
Do we have similar capabilities, soul, desire for the resurrection of our country that imports everything? Is there anyone who can answer these crucial questions? We hope that maybe there is.
Emmanuel A. Gyzis is managing partner of Emmanuel A. Gyzis & Associates Law Offices.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
