News Snapshot:
Summary China's partnership with McDonnell Douglas to develop aircraft failed due to high costs and Boeing's acquisition, causing financial losses and a pivot to Airbus. After the MD-90 failure, China partnered with Airbus on the AE100, but high costs, transparency issues, and market misalignment led to its termination, raising doubts about China's aircraft development capabilities. After abandoning large aircraft development around 2000, China launched the ARJ21 regional jet project in 2002, aiming to revive its aviation industry and bridge a significant technology gap. China's aviation industry advanced with COMAC's founding in 2008 and the successful 2017 flight of the C919,...