Date: Dec 12, 2015
By: Ted Chen / Staff reporter, in Taichung
Aerospace Industrial Development Corp (AIDC, 漢翔航空工業), the nation’s largest civilian and military aircraft manufacturer, yesterday said that despite recent media fanfare, the aerospace sector is still facing tremendous challenges.
“We are the reluctant sector bellwether,” AIDC chairman Anon Liao (廖榮鑫) told reporters at a media briefing in Taichung’s Salu District (沙鹿).
“Perhaps we are facing as many prospective challenges as opportunities,” Liao said, referring to the company’s plans to bolster partnerships with other domestic suppliers, called the “A-Team 4.0,” in a bid to tap into global markets.
Liao said that it is customary for clients such as Boeing Co and Airbus SAS to demand that suppliers cut prices by as much as 10 to 25 percent annually. [FULL STORY]