(Yicai Global) May 19 -- Rolls-Royce Plc has announced it is in close and regular talks with Commercial Aircraft Corp of China Ltd.(COMAC), to provide engines for the country's wide-body aircraft that is under development phase, China Daily reported today.
Rolls-Royce Plc said it is willing to provide engines for China's new passenger aircraft, adding that the company is optimistic on the growth potential of markets related to the Belt and Road Initiative. Rolls-Royce believes more than 1,300 wide-body aircraft are expected to be delivered to China within the next 20 years, accounting for 17 percent of its global deliveries, it said. Rolls-Royce forecasts "the global market for aircraft engines and gas turbines will be worth USD2.68 trillion" by 2033, China Daily reported.
COMAC has been researching and developing a wide-body commercial jet in cooperation with Russia, a project it expects to deliver within 10 years, the company announced. The company has successfully run a test flight of its first China-made narrow-body passenger aircraft, C919, in early May.
Rolls-Royce has received orders to supply 488 engines for trains made by Chinese locomotive manufacturer CRRC Corp Ltd. The Chinese manufacturer's orders are originated in the Belt and Road countries and regions.
"As the business opportunities expand [in the Belt and Road region], we will invest accordingly," China Daily quoted Patrick Horgan, regional director of Rolls-Royce Northeast Asia, as saying.