Fox Business - GKN Aerospace, which supplies body and engine parts to both Airbus and Boeing Co., is studying the Chinese market as it works on a " market-entry strategy," GKN China Holding Co. President Stefan Magirius said.
"There is very good potential" in China's aviation sector, Mr. Magirius told The Wall Street Journal.
The sector is growing rapidly in the country. Boeing last September projected that China's commercial aircraft fleet would grow to 5,980 by the end of 2031 compared with 1,910 by the end of 2011. By comparison, Boeing sees the North American fleet growing to 8,830 from 6,650 over the same period.
Meanwhile, "low-altitude air space, which is not open yet in China, will open at some point in time, and that will provide lots of business opportunities for small aircraft and helicopters," Mr. Magirius said in Shanghai.
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