Asian plane makers brace for bumpy ride

Asian plane makers brace for bumpy ride

SINGAPORE: Asian plane makers have thrown huge sums at building jets but flagship projects have suffered repeated setbacks, and they face a tough time breaking into a market dominated by established players.. The Asia-Pacific region is the world's biggest aviation market for commercial aircraft, and Japanese and Chinese firms have embarked on programs to build their own planes.. "The international market is just too saturated with aircraft from the established manufacturers so there us very little space for new players.". The setbacks, due mainly to technical glitches, have raised the development cost for the plane to an estimated 800 billion yen ($7.3 billion).. The manufacturer says there are 815 of the planes on order.. Vice chairman of UAE's NMC Health quits as shareholder twists emerge /node/1627891/business-economy. Resignation came after UK regulators announced that they were taking a closer look at the company. On Friday NMC said that vice chairman Khalifa Butti Omeir Bin Yousef is stepping down from the board.. His resignation came after UK regulators this week said they were looking into the company after news that founder and chairman B.R.. The company the week said it had received buyout interest from Italian-backed GKSD Investment Holding and United