ATR and Bombardier are incumbents. China has a home-market offering.
Indonesia and India want to create a product.
It’s the 60-seat and up turbo-prop market.
It’s too many companies chasing too-small a market.
The 20-year demand for 60-99 seat turbo-props is small.
Developing a new, clean-sheet design is costly.
There is a solid demand for an inexpensive 19-34 seat turbo-prop—but nobody is interested.