Thursday, August 11, 2011

Commercial Aircraft Corp of China: 20 more orders for the C919 jet

COMMERCIAL Aircraft Corp of China has signed a letter of intent with an aircraft leasing company to sell 20 C919 jets.

The deal with Hong Kong-based China Aircraft Leasing Co brings Commercial Aircraft Corp's total orders for the jet to 120.

China Aircraft Leasing targets domestic airlines as potential clients of the 150-seat jets, and will also seek to lease them overseas, a marketing official surnamed Zhao of the company told Shanghai Daily yesterday.

She didn't disclose the list price or delivery schedule for the C919 jets. China Aircraft Leasing, founded in 2006, added China Everbright Ltd as a strategic investor in June in a bid to expand its fleet size from the current 12 aircraft to 100 within three years.

China Everbright and Friedmann Pacific Asset Management Ltd each own a 40 percent stake in the company, and state-owned companies will be introduced later this year to take the balance.

Commercial Aircraft Corp had already received firm orders for 100 C919 jets from six companies.

China's four biggest carriers, Air China, China Eastern Airlines, China Southern Airlines and Hainan Airlines, as well as China Development Bank Leasing Co and GE Capital Aviation Services have all ordered the jet.

The C919 aircraft is expected to make its maiden flight in 2014 with deliveries scheduled for 2016.

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