China Commercial Super-Jumbo Jet Company

China´s first commercial big jet company takes off
WATCH VIDEOSource: CCTV.com
05-11-2008 12:59
China's 1st commercial super-jumbo jet company has just been launched in Shanghai.

The company has 19-million in registered capital and will be responsible for developing, making and marketing the first made-in-China jumbo jet.

The State-owned Assets Supervision and Administration Commission will be the biggest share holder with 6 million yuan. The second largest stake holder is a conglomerate between the Shanghai Municipal Government, Avic I and Avic II. The firm will build planes with a take-off weight of more than 100 tons, or planes with more than 150 seats.

The president of the newly-established Commercial Aircraft Corporation of China Ltd (CACC) said its guiding principle of becoming an independent, competitive civil aircraft manufacturer will not affect the company's openness to international collaboration.

"We welcome foreign suppliers, and will purchase engines and other on-board systems and facilities from them because we believe in mutual benefit," Jin Zhuanglong said in an interview on Saturday.

Earlier media reports quoted Laurence Barron, president of Airbus China, as saying that the European aircraft maker is looking for any possibility of collaboration with Chinese partners on the program

According to Zhang, CACC had received the support of global heavyweights such as Boeing, Airbus, GE, Honeywell and Bombardier in its formative stage.

Jin Qiansheng, head of the management committee of Yanliang State High-tech Aviation Industry Base, said: "China's jumbo jet program will not pose a threat to Boeing and Airbus, at least in the coming 20 years. Even when China has the capacity to produce large jets, it would be able to meet only a small part of domestic demand. Boeing and Airbus will continue to claim a big chunk of the Chinese market."

Jin Zhuanglong said the company's most pressing task is to nurture talents in design. CACC plans to send young aircraft designers abroad for further study and training, and meanwhile, invite global experts to join the company, he said.

Category:

News & Politics

Tags:

• China
• aircraft

[SINGADRAGON]

Jedi, you must be one of those great white trash who is totally ignorant about China. You are just trying to make a mockery of the Chinese . You don't need to be an engineer to know the basic principle of aerodynamics. Anybody who have an interest in flying an airplanes will know it. Even my 12 yr old son knows it. So don't bull shit and make yourself a fool and disgrace your country.

[mird15]

Watchout Boeing and Airbus...soon no more monopoly!!!

[nukejapan4good]

Japs can't even handle their nuclear plant properly...fuck up japs, no wonder god damn u..hopefully more earthquake and tsunami coming from japan.

[GusplumFive]

That thing is going to cost a fortune to insure. Thats one of the big reasons why world carriers like boeing and airbus. They have the best safety history out of all of the worlds aircraft manufacturers... and as a result have the lowest insurance premiums. It's not all politics, we're not strong arming anyone to buy our planes... It's just good business.

[Microglia1]

@deadpeng Thank you. And I really resent that comment :-)

[deadpeng]

@Microglia1 you sound like a capatalist

[Microglia1]

I don't like Chinese but I like affordable jumbo jets. This is why open trade is good. You can do business with people and you don't have to like them.

[gravylegs1]

After seeing crash tests of Chinese made automobiles. I would be a tad worried flying in one of these jets...

[TheCkills]

full of sinophiles this place...

[dilegentelectron]

@77777XYZ that can not be more wrong you brainwashed fucking moron

[stevengenejin]

@77777XYZ fuck you japs, the son of USA soldiers, . why i say that ,because all your mothers were fuck by US soldiers after WW2 .

[77777XYZ]

china has all kind of evil things, so many death camp, secret police, etc etc,,,,,,,china is most hell place in the world, communist kill their against people without any permission necessary, chinese communist party killed historical amount of people, china is perfectly lawless zone for anythings