The Commercial Aircraft Corporation of China Ltd (Comac) or China Commercial Aircraft, was established in Shanghai in May-2008 to develop passenger aircraft with capacity of over 150 passengers to reduce the country's reliance on imports from Boeing and Airbus. Comac’s shareholders include AVIC I and AVIC II, the Shanghai Municipal Government and the Chinese central government.
Comac is marketing the ARJ21 developed by AVIC I, but is specifically engaged in the development of the 168-190 seat C919, which is expected to enter flight testing in 2014 and enter commercial service in 2016. Both programmes are supported by Western aerospace companies including General Electric, Rockwell Collins, and Honeywell.
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The latest round of Ryanair's aircraft purchase negotiations through the press may indicate a troubling truth for the carrier: its business is not wanted.
For a potential 300 aircraft order, which has been lingering since 2009, Ryanair wants the favourable pricing it secured in 2002 for 100 B737s. Back then the industry was at rock bottom and Boeing was eager to sign for 100 aircraft. Now, even after a recent depression and possibly entering a second, narrowbody backlogs are hearty – and more diverse. Boeing has acknowledged its market outlooks from the last decade did not foresee the rapid growth of LCCs, and especially from those based in Asia Pacific. This larger pool gives airframers more potential customers to woo, and the customers may pay Boeing more than whatever deep discount Ryanair CEO Michael O'Leary extracts, or they may pay the exact same but be more pleasant to do business with.
Ryanair, Europe’s largest airline, posted results that missed expectations in its fiscal first quarter as higher fuel costs weighed on the net result.
No one is commenting but American is working on a narrowbody replacement programme, following Delta and United's similar moves in the past two years. The potential 250 to 280-aircraft order would be a world record and could be valued at as much as USD22 billion likely financed by lessors or by heavy financing assistance given the shape of American’s balance sheet.
Ryanair has taken a bold first step towards becoming a customer for Commercial Aircraft Corporation of China’s (COMAC) new C919. At the Paris Air Show, the carrier signed an MoU to participate in discussions on the development of a version of the C919 for Ryanair.
GECAS displaced ILFC as the aircraft lessor with the largest fleet size and asset value in 2010. Norman Liu spoke exclusively to CAPA about the company's success and the conditions of today's market.
Airbus and Boeing have separately stated this month that airlines in the Asia Pacific region would account for a third of total aircraft deliveries over the next 20 years. Much of the growth is being driven by Chinese carriers. Indeed, the CAAC forecasts China’s airlines will order more than 2000 aircraft over next five years alone, underpinned by continued economic growth and rising traffic demand. Beijing's bullish forecast is “sweet music to an airplanes manufacturer’s ears,” according to Boeing.
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