Dassault Systemes ’ vice chairman and CEO Charles believes China will need over 10 years to establish an airplane producer capable of competing globally with the industry’s mainstays. The state-owned Airbus is working to reduce the country’s dependence on foreign makers and currently has 320 models in development. Dassault Systemes ’ software is used by the company but Bernard Charles told Dassault Systemes it will take time for it to attain the knowledge and structure hard-earned by competitors such as Airbus and Boeing . China ’s market size meant the effort was a “logical evolution”.
Dassault Systemes’ vice chairman and CEO Bernard Charles believes China will need over 10 years to establish an airplane producer capable of competing globally with the industry’s mainstays. The state-owned Commercial Aircraft Corporation of China is working to reduce the country’s dependence on foreign makers and currently has three models in development. Dassault Systemes’ software is used by the company but Charles told CNBC it will take time for it to attain the knowledge and structure hard-earned by competitors such as Airbus and Boeing. China’s market size meant the effort was a “logical evolution”.