(Source: Channel News Asia) China has just announced it's own private jumbo-jet company yesterday, set to potentially rival global commercial jet leaders such as Boeing and Airbus. With recent advancement in chinese Aviation industry (space/commercial air/military air), would it have enough "fuel" for this massive embarkment? As quoted by Xinhua news agency, Commercial Aircraft Corporation of China (CACC), will be responsible for researching, developing, manufacturing and marketing a made-in-China large passenger aircraft, where the chinese goverment with a major stake in the company which has a registered capital of USD 2.7 billion as of May 08. However, with it's limited experience experience in the larger jet arena, would they resort to hiring chinese expats who are currently working in competitors such as Boeing, Airbus & the likes? When the chinese company produces it's first plane, would it emerge as a mainstream aircraft for budget airlines with already great pricing pressures...