BEIJING/SEOUL (Reuters) - Chinese planemaker COMAC plans to raise production capacity for its homegrown C919 single-aisle planes to 50 this year, a COMAC executive told a media outlet supported by the Shanghai government. COMAC Deputy General Manager Shen Bo also said the Shanghai-based state-owned firm aims to manufacture 30 C919 aircraft this year, in an interview with The Paper published on Saturday. COMAC is seeking to compete internationally with leading Western planemakers Airbus and Boeing, which produce dozens of their single-aisle A320neo family and 737 MAX jets per month. Scaling up production and obtaining certification from foreign aviation regulators are key to the Chinese planemaker's growth strategy. The C919 entered commercial service in 2023 and around 16 of the planes are currently in operation with Chinese airlines, flying within the mainland and since this month to Hong Kong. Aviation consultancy Cirium said it expects another 27 C919 jets to be delivered this year. China's three leading state-owned airlines, Air China, China Eastern Airlines, and China Southern Airlines, are expected to operate a fleet of at least 100 C919s each by 2031, according to their announced orders. In 2023, a COMAC official said the company had a target of achieving an annual production capacity of 150 C919 aircraft within the following five years. In addition to the C919, COMAC is also developing a larger C929 wide-body jet. Shen said the C929 was in the preliminary design and supplier selection phase, with plans to move to the detailed design stage soon. Air China will be the first customer for the C929, COMAC said in November. (Reporting by Sophie Yu in Beijing and Lisa Barrington in Seoul; Editing by Jamie Freed) View Comments
China's COMAC aims to lift C919 jet production capacity to 50 this year, report says
You are reading a free article with opinions that may differ from the recommendation given by Kalkine in its paid research reports. Become a Kalkine member today to get access to our research reports, in-depth technical and fundamental research.
Start Your Free Trial Now!Not sure where to invest today?
Kalkine’s latest research highlights three companies identified through in-depth analysis and market insights.
Explore these research reports to learn about companies currently being tracked by our analysts and make more informed investment decisions.
View 3 Research ReportsThis information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.
Please wait processing your request...