China-Developed C919 Jet to Cost Twice the Expected Price, Filing Shows

A China-developed jetliner that Beijing hopes will rival those of Boeing and Airbus is going to cost nearly twice the price anticipated.

In a Tuesday filing to the Shanghai Stock Exchange, China Eastern Airlines Corp. Ltd. said that it is planning to raise capital to buy four C919 aircraft from China’s state-owned aerospace giant Commercial Aircraft Corp. of China (COMAC). Each jet is listed for a price of 653 million yuan ($99 million).