Canadian aerospace industry braces for competition

Montreal: An aerospace conference heard Monday that emerging powers like China and India will eventually compete in aircraft manufacturing -- but it might take a while.
The head of one industry think-tank noted that Hindustan Aeronautics Limited, India's state-owned company, is heavily involved in building helicopters and plans to eventually develop its own fighters and commercial aircraft.
But Suzanne Benoit, CEO of Aero Montreal, added that India still has some catching up to do.
"It's not really a commercial company, it's a government-owned company so maybe the pace of development may not be as fast as other airframers," Benoit said Monday.
"It's not going to happen tomorrow, but you never know in India -- the government may decide to put a lot of money into it."
Benoit made her comments at a two-day forum on aerospace innovation organized by Aero Montreal, a think-tank for Quebec's aerospace sector.
06/12/11 The Canadian Press/CTV.ca

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Categories: Foreign Dec 2011