COMAC Clinches Contract for 50 Made-in-China Aircraft
Chen Shanshan
/SOURCE : Yicai
COMAC Clinches Contract for 50 Made-in-China Aircraft

(Yicai Global) Feb. 26 -- Commercial Aircraft Corp. of China (COMAC) got an order for 50 aircraft today -- 30 C919 airliners and 20 ARJ21 regional jets.

A leasing company subordinate to China Huarong Asset Management Co., in which the Ministry of Finance holds a stake, signed the foregoing procurement agreement with COMAC in Beijing today. The number of C919's ordered thus far has reached 815, sold to 28 clients, and 21 customers have now taken delivery of 453 ARJ21s in all.

The 90-seat ARJ21, which has been in service almost two years, has borne over 49,000 passengers to their destinations safe and sound. The 168-seat C919, which is still undergoing test flights, will not go into mass production until official approval is forthcoming. COMAC plans to achieve annual production of 150 C919s and 50 ARJ21s by 2020.

China will produce 5,500 new planes worth up to USD670 billion in the next two decades, COMAC projects. The number of passengers they carry annually will reach 700 million by 2020 and rise to 1.5 billion in 2030. Geared for the domestic market, the C919 adopts the model of mainstream 150-seat airliners. COMAC hopes the C919 claims 33 percent of China's market share in the next one to two decades, an insider said.

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Keywords: Commercial Aircraft Corporation , China Huarong , C919 , ARJ21