Sources in both China and Russia indicate that the formalization of the long-discussed agreement to build a new widebody aircraft in China using Russian intellectual property will be approved later this month and finalized by the end of the year.
Under the agreement, Russia will supply the intellectual property from the Ilyushin IL-96 widebody jet, which will serve as the underpinnings for the design of a new aircraft, currently names the ShFS by UAC and expected to commercially be named the COMAC 929 in China.
The joint venture will be a 50-50 split, with a total investment of about $13 billion required. The agreement was forged in 2014 during Vladimir Putin’s visit to China.
The ShFS is expected in 2 models, a 300 and 400 seat model with a range of 2,700 nautical miles to serve internal markets within China and Russia. Roll out of the first flying prototype is… Continue reading
City Airways, based in Thailand, has signed an agreement with ICBC Leasing and COMAC for 10 ARJ-21 regional jets and 10 C919 narrow-body jets. This international sale, to a customer currently operating 2 Boeing jets, indicates that COMAC will be aggressive, including leasing company financing support, as it markets its new aircraft internationally. The impact of COMAC on international markets has begun.
City Airways operates domestically in Thailand and currently operates two Boeing 737s.
The ARJ-21 program is certified in China, and will deliver its first aircraft to Chengdu Airlines in November. This regional jet will provide City Airways with additional capacity for its domestic network based in Bangkok and Phuket. Delivery dates for the 10 aircraft were not specified.
The larger C919s on order will additional capacity on key routes as the airline grows. The C919 program is currently under development, with the first… Continue reading
The first C919 prototype is in final assembly in Shanghai. The fuselage has been completed and mobile systems are being installed. But first flight had been postponed to 1H16. Deliveries are scheduled for 2018 but we anticipate slipping to closer to 2020.