Dassault Targets Deal With China's AVIC

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Reuters says Dassault Falcon is eyeing a major manufacturing presence in China as a way of tying up 40 percent of the said-to-be burgeoning market for business jets in the country. Reuters says the New Jersey company is negotiating with the Chinese government-owned AVIC to either set up shop in China or work on the development of an indigenous Chinese business jet. "There should be a decision in 2011/12. We will then know, yes or no, whether we will collaborate more seriously with them," Reuters says Dassault Falcon Chief Executive Jean Rosanvallon told La Tribune in an article to be published on Wednesday. Reuters says Dassault believes that in the long term China will be home to 3,000 business aircraft and he hopes to sell $500 million worth there in 2011.

The company also announced the opening of a sales office in Beijing on Tuesday. The Global Times Rosanvallon spoke at a news conference in Beijing at which the Times said he hoped to sell 10 aircraft a year there.