(Yicai Global) May 23 -- Following the successful maiden flight of its first domestic-made aircraft, the world's second largest economy has teamed up with Russia to develop a wide-body aircraft.
Yesterday, the Commercial Aircraft Corporation of China Ltd. (COMAC) and Russia's United Aircraft Corporation (UAC) founded China-Russia Commercial Aircraft International Co. The joint venture will be dedicated to the research, development and operation of a new generation, long-range, wide-body aircraft program.
Vladislav Masalov, vice president of UAC, will take the role of chairman for the new venture while Guo Bozhi, COMAC's assistant general manager, will be general manager at the new firm. The board will have eight members split equally between both founding companies.
The new partnership has already set some parameters for the project, with the proposed aircraft having a 12,000-kilometer range and 280 seats, which it hopes will compete with the Airbus 330 and Boeing 787
At present, the firm is assessing the feasibility of the program to ensure smooth progress in research and development. The program is expected to enter a preliminary design phase soon, which will see the plane makers seeking suppliers. Final assembly of the aircraft will take place in Shanghai.
The wide-body plane will hopefully take its first flight in 2025 and become available for delivery in 2028 at the earliest, Russian representatives said at the joint venture's founding ceremony. This fits a typical creation phase for aircraft, which usually takes about seven years to maiden flight and 10 years to delivery.