Jet models from emerging markets steal limelight

The 50th International Air Show is underway in Paris, and this year, models from emerging markets are stealing the lime light.

The 50th International Air Show is underway in Paris, and this year, models from emerging markets are stealing the lime light. Big international buyers clearly like what they see, evidenced by skyrocketing sales.

China showcases a variety of its cutting edge fighter jets.

The popular models include a single seat version and a two-seat version of the Xiaolong fighter, the Hongdu L-15 Falcon advanced jet trainer, and Wing Loong multi-purpose unmanned aerial vehicle.

Aviation Industry Corporation of China says the market for Chinese jets are huge.

Li Yuhai, Deputy Director of AVIC, said, "Our products have gradually engraved into the production chain, and become an important part of it. This air show have over 20 something negotiation sessions. This way we can have deeper communications with manufacturers, suppliers and clients around the world."

China's Wing Loong have seen good sales prospect, as it was approached by military sources from different countries.

John Fay, British exhibitor, said, "You are working hard to catch up in technologies with world competitors."

Other emerging countries, such as Brazil also see sales rises on their home brands. Brazil is promoting its E class jumbo jets, and has already confirmed 100 orders, and 215 agreement of inten. Total target price has exceeded 1 billion U.S dollars. Analysts say the rising aviation market in emerging economies have brought diversities to global market that is currently dominated by Boeing and Airbus.