Stock Market News

China Eastern takes delivery of the world’s first made-in-China C919 jet

2022.12.08 23:11

[ad_1]

2/2

© Reuters. FILE PHOTO: A model of a C919 airliner by Commercial Aircraft Corp of China (COMAC) is displayed at China Beijing International High-tech Expo in Beijing, China June 8, 2017. REUTERS/Jason Lee

2/2

BEIJING/SYDNEY (Reuters) – The world’s first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines (NYSE:) in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment.

The plane, a rival to the Airbus A320neo and Boeing (NYSE:) 737 MAX single-aisle jet families, is expected to make its maiden commercial flight next spring, according to state-owned Xinhua News Agency.

It was certified for safe operations in September and mass production in November.

The plane delivered to China Eastern has 164 seats and was painted with “the world’s first C919” on its side in Chinese and English. Its maiden route will be between Shanghai and the capital Beijing, industry sources have said.

China Eastern said on Friday it plans to receive the remaining four of its first batch of C919 orders over the next two years, according to Shanghai’s The Paper. That compares with earlier plans to get all four next year.

The airline did not respond immediately to a request for comment.

China’s narrowbody jet ambitions intensified over the last few years amid conflicts with the United States from trade to technology that made China increasingly concerned about being overly dependent on Airbus and Boeing.

Commercial Aviation Corp of China (COMAC) is expected to produce around 25 C919s per year by 2030, far lower than the current monthly rates of narrowbody production at its rivals, according to Jefferies analysts.

COMAC did not immediately respond to request for comment.

The C919 currently relies heavily on Western components, including engines and flight control systems, from companies such as GE, Safran (EPA:) and Honeywell International (NASDAQ:).

China is trying to raise the proportion of domestic parts in the C919 and an alternative engine called the CJ-1000A is under development.

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 85,130.81 0.17%
ethereum
Ethereum (ETH) $ 1,630.43 0.21%
tether
Tether (USDT) $ 1.00 0.02%
xrp
XRP (XRP) $ 2.14 0.58%
bnb
BNB (BNB) $ 585.36 0.76%
solana
Solana (SOL) $ 129.40 2.93%
usd-coin
USDC (USDC) $ 1.00 0.01%
tron
TRON (TRX) $ 0.251716 2.66%
dogecoin
Dogecoin (DOGE) $ 0.15943 4.07%
cardano
Cardano (ADA) $ 0.637624 1.33%
staked-ether
Lido Staked Ether (STETH) $ 1,626.41 0.39%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 85,074.79 0.03%
leo-token
LEO Token (LEO) $ 9.43 0.11%
avalanche-2
Avalanche (AVAX) $ 20.02 0.67%
chainlink
Chainlink (LINK) $ 12.62 1.95%
stellar
Stellar (XLM) $ 0.241127 0.27%
usds
USDS (USDS) $ 1.00 0.02%
the-open-network
Toncoin (TON) $ 2.90 1.66%
sui
Sui (SUI) $ 2.18 3.72%
hedera-hashgraph
Hedera (HBAR) $ 0.166623 1.66%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 3.53%
wrapped-steth
Wrapped stETH (WSTETH) $ 1,944.81 1.02%
bitcoin-cash
Bitcoin Cash (BCH) $ 322.61 9.62%
litecoin
Litecoin (LTC) $ 77.96 1.93%
polkadot
Polkadot (DOT) $ 3.66 1.55%
hyperliquid
Hyperliquid (HYPE) $ 15.98 1.58%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999351 0.04%
bitget-token
Bitget Token (BGB) $ 4.31 0.27%
pi-network
Pi Network (PI) $ 0.740047 1.75%
ethena-usde
Ethena USDe (USDE) $ 0.999277 0.03%
weth
WETH (WETH) $ 1,632.10 0.42%
whitebit
WhiteBIT Coin (WBT) $ 27.93 0.41%
monero
Monero (XMR) $ 213.11 3.37%
wrapped-eeth
Wrapped eETH (WEETH) $ 1,729.31 0.79%
uniswap
Uniswap (UNI) $ 5.34 2.39%
dai
Dai (DAI) $ 1.00 0.03%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 85,126.81 0.25%
okb
OKB (OKB) $ 51.80 2.64%
pepe
Pepe (PEPE) $ 0.000007 3.78%
aptos
Aptos (APT) $ 4.77 3.37%
gatechain-token
Gate (GT) $ 22.43 0.72%
ondo-finance
Ondo (ONDO) $ 0.872265 0.43%
near
NEAR Protocol (NEAR) $ 2.10 2.31%
susds
sUSDS (SUSDS) $ 1.05 0.10%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
tokenize-xchange
Tokenize Xchange (TKX) $ 30.19 10.57%
internet-computer
Internet Computer (ICP) $ 4.90 3.56%
crypto-com-chain
Cronos (CRO) $ 0.085626 1.21%
mantle
Mantle (MNT) $ 0.695094 0.20%
ethereum-classic
Ethereum Classic (ETC) $ 15.26 2.66%