China expects annual production capacity of C919 planes to reach 150 in 5 years
Reuters
Published Jan 12, 2023 04:14AM ET
Updated Jan 12, 2023 04:51AM ET
BEIJING (Reuters) -China expects to reach annual production capacity of 150 domestically-produced C919 planes in five years, government-backed media The Paper said on Friday.
Zhang Yujin, deputy general manager of China's state-owned Commercial Aviation Corp of China (COMAC), the maker of C919, said the company had received more than 1,200 orders for the jet.
"The first orders are from China Eastern Airlines (NYSE:CEA), and at present a number of carriers are vying for our orders," Zhang said, adding that there would be "qualitative change" in terms of C919's production capacity.
COMAC delivered the first C919to China Eastern in December, and the maiden commercial flight is expected to take place in spring this year, according to state-owned Xinhua News Agency.
The plane, a rival to the Airbus A320neo and Boeing (NYSE:BA) 737 MAX single-aisle jet families, was certified by Chinese regulators for safe operations in September and mass production in November last year.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.