As Mr Streiff pointed out this week, Airbus must also catch up with Boeing in product development, cutting its lead-time for new aircraft from seven to five years.

ECONOMIST: Airbus and EADS

With the ability to offer lowest-price guarantees and exclusive online services, such as picking your own seat in an aircraft, the travel providers may well move into the lead.

ECONOMIST: The travel industry

They are competitive, and the quest for economic achievement just might lead to the Chinese government giving their entrepreneurs the freedom to maximize the use of business aircraft as these instruments are intended.

FORBES: Connecting marketers to the Forbes audience. What is this?

The U.S. Air Force has sided with Brazilian aircraft manufacturer Embraer (ERJ), saying Friday that the company and its lead American partner Sierra Nevada Corporation (SNC) should continue with its light air support contract after a four day suspension.

FORBES: U.S. Air Force Sides With Brazil's Embraer In Fighter Plane Dispute

For China to truly transition to a service economy and produce products high up the value chain with real innovation--as the government has made a priority in fields like aircraft, and clean technologies--it must have the business minds that can lead the way there.

FORBES

The aircraft were being built in Jacksonville, Fla. together with their U.S. lead partner on the contract, the Sierra Nevada Corporation.

FORBES: In Dispute, Brazil's Embraer Temporarily Loses $427 Mln U.S. Air Force Gig