A state-owned manufacturer on Monday unveiled the first plane produced by a Chinese initiative to compete in the market for large passenger jetliners.
China is one of the biggest aviation markets but relies on Boeing and Airbus aircraft. The multi billion-dollar effort to create the homegrown C919 jetliner is aimed at clawing back some of the commercial benefits that flow to foreign suppliers.
The Commercial Aircraft Corp. of China showed off the first of the twin-engine planes in a ceremony attended by some 4,000 government officials and other guests at a hangar near Shanghai’s Pudong International Airport.
“It’s a major push for the country, as they want to be known as a major player” in airplane manufacturing, said Mavis Toh, Asia air transport editor for Flightglobal magazine.
The C919 is one of several initiatives launched by the ruling Communist Party to transform China from the world’s low-cost factory into a creator of profitable technology in aviation, clean energy and other fields.
The C919, which can seat up to 168 passengers, is meant to compete in the market for single-aisle jets dominated by Airbus Industrie’s A320 and Boeing Co.’s 737.
Its manufacturer, known as COMAC, says it has received orders from 21 customers for a total of 517 aircraft, mostly from Chinese carriers but also from GE Capital Aviation Services.
A separate state-owned company also has developed a smaller regional jet, the ARJ-21, to compete in the market dominated by Brazil’s Embraer and Canada’s Bombardier. The first two ARJ-21s were delivered last year to a Chinese airline.
Most of the C919’s critical systems including engines and avionics are being supplied by Western companies or foreign-Chinese joint ventures.
Boeing forecasts China’s total demand for civilian jetliners over the next two decades at 5,580 planes worth a total of $780 billion.
Source: AP, http://www.cnbc.com/