1-Jul-2011 2:04 PM

Orders decline at Xi'an Aircraft

AVIC Xi'an Aircraft Industry (Group) Co Ltd plans to boost sales of Modern Ark 60 passenger planes globally after the company stated a reduction in orders would likely reduce its net profitability by 70% in 2011 (Shanghai Daily, 01-Jul-2011). The company delivered two MA60 aircraft to Okay Airways on 30-Jun-2011, increasing its MA60 deliveries to 61. A further 120 aircraft are still on order. The manufacturer reported a CNY51.3 million (USD7.9 million) loss in the four months to Apr-2011.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More