Caixin
Nov 10, 2022 07:45 PM
TECH

COMAC Secures 300 More Orders for Homegrown C919 Jets

What’s new: China’s state-owned aerospace giant Commercial Aircraft Corp. of China Ltd. (COMAC) said it has secured 300 additional orders for C919 airplanes from seven leasing firms, in another vote of confidence for the domestically-built aircraft that aims to compete with popular Boeing 737 and Airbus A320 narrowbody jet families.

The orders were placed by China Development Bank Financial Leasing Co. Ltd., ICBC Financial Leasing Co. Ltd., CMB Financial Leasing Co. Ltd., Bank of Communications Financial Leasing Co. Ltd., CCB Financial Leasing Co. Ltd., SPDB Financial Leasing Co. Ltd. and Jiangsu Financial Leasing Co. Ltd., COMAC said at Zhuhai Airshow on Tuesday.

No timeline was given for the planes to take to the sky.

What’s the background: The deals came a month after China’s civil aviation regulator formally certified the C919, paving the way for its commercial use.

Before announcing the latest orders Tuesday, COMAC had received more than 800 orders for the C919 aircraft from 28 customers, according to its website. But China Eastern Airlines Corp. is the only customer that announced a clear delivery schedule, saying last month that it would receive its first C919 in December.

About 60% of the main suppliers to the C919 are U.S. companies such as General Electric Co., Honeywell Inc. and Eaton Corp., according to a report by the Center for Strategic & International Studies, a think tank based in Washington.

Contact reporter Ding Yi (yiding@caixin.com) and editor Bertrand Teo (bertrandteo@caixin.com)

Download our app to receive breaking news alerts and read the news on the go.

Get our weekly free Must-Read newsletter.

Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00