The aircraft making China the fourth manufacturer of narrow body aircraft to 150 seats, with the BOEING, AIRBUS and the EMBRAER, forms a new revolution.
A day of particular importance was May 5, 2017 for China and the dreams of its Aviation Industry.
Its creation, the C919, flew the skies of Shanghai in a final test, only with crew, for less than a half (1.5) hour.
Its landing took place with the presence of several hundred enthusiastic spectators who watched.
The aircraft making China the fourth manufacturer of narrow body aircraft to 150 seats, with the Boeing, Airbus and the Embraer, forms a new revolution.
Of course, the triumphalism of the President of COMAC, He-Dongfang, that "this is a great day for all of us" echoes the feelings of the company and the people of China.
The engine chosen by the company LEAP-1C is a turbomachine of great technology selected from 2009.
The hull of the twin-engine aircraft is of domestic manufacture, while the landing gear is German, of American-French technology the engines and the cabin has Austrian origin.
The IPS system is a Fully Integrated Propulsion System, has undergone technologically innovative improvements, thus gives good aerodynamic board, lighter and economical technical terms of maintenance.
All these contribute for the C919 to be received mainly by Chinese air but slowly from other countries orders that exceed today 600.
Because of course the large number of orders contributes significantly to the price, which ranges from 49.0 to 51.0 million dollars.
That is half the price and even less than that of its main competitors.
However, many things contribute for its low price.
Mainly the labour cost.
We write again as we have pointed out in the past.
Bombardier assembles with very good cost/price for many years now, many types of its vessels in China.
Solid, Quality, commercial power.
A big “lion” that roars and threatens commercially China.
It progresses, gets organized, it gains step by step its expected first level as a global economic power in the two coming decades.
Emmanuel A. Gyzis is managing partner of Emmanuel A. Gyzis & Associates Law Offices.
He was born in Athens, Greece, 13 January 1947; admitted to Athens Bar Association 1974. Education: University of Athens, Law School (1972), London, (L.LM. 1980), specialized in Aviation Law and originally worked in the respective field on behalf of British Tour Operators and Charter companies.
With longstanding journalistic and writing activity, his articles have been published in financial newspapers and magazines specialized in Aviation and Tourism. Author of pioneering monographs on the development issues of Olympic Airways (1989), he has published during a course of many years, a series of articles regarding its viability, its position in the international environment, as well as for other private airlines in general, while at the same time he participated in relevant International and Greek Conferences and Organizations. Successful and long-term engagement with issues regarding private airports / heliports, Low Cost Carriers (LCC), Aircraft Fractional Ownership, Ground handling matters. At his law firm “EMM. GYZIS AND ASSOCIATES”, together with a group of specialized associates he deals mainly with aviation law issues (cooperation with construction companies for commercial aircraft and leasing companies) and tourism law issues, specializing in mass tourism from/ to Greece and occasionally cooperating with Tour Operators. Since 1993, he has founded a number of Greek and foreign airline companies, on behalf of his clients, in accordance with the applicable legal status. He has participated in committees for the drafting of legislation regarding air transport, such as private airports, the Presidential Decree for private heliports and the Basic Legislation of the Aviation Code and he is the General Secretary of the Hellenic Aviation Society. For many years, he has been studying emerging markets, as a consultant for foreign companies, which plan to invest worldwide.
LANGUAGES: English.
MEMBER: Athens Bar Association, International Bar Association, European Society of International Law (ESIL), American Society of International Law (ASIL), British-Hellenic Chamber of Commerce, Greek-American Union, Hellenic Aviation Society.
PRACTICE AREAS: Aviation Law, Aerospace Law, Tourism and Transport Law, (European) Commercial and Company Law. Arbitration. Establishment and Operation of foreign companies in Greece. Project Finance. Free Movement of Capital. Privatization. Foreign/ Hotel Investments. Mergers and Acquisitions.
