COMAC to set up plant in Shanghai
China - Commercial Aircraft Corp of China said it plans to build an assembly line for its C919 jetliners in Shanghai, helping work toward China's plan of becoming a leader in world aviation.
The centre will be located south of Pudong International Airport, with construction to begin by year-end. At completion, the company plans to manufacture 20 homegrown C919 jets and 50 ARJ 21-series planes annually by 2016, the company said.
"Assembly and manufacturing are among the core capabilities that ensure the business success of ARJ 21 and C919 passenger planes and it will largely boost China's civil airplane industry," said Jin Zhuanglong, general manager of COMAC.
The company aims to become one of the big three aircraft manufacturers in the world and compete with current market leaders Boeing and Airbus. It unveiled its first narrow-body C919 plane at the Asia Aerospace Expo in Hong Kong in September. The aircraft is expected to take off in 2014 and enter service in 2016.
The China aviation market has grown despite of the economic slump According to the country's Civil Aviation Administration, air passenger traffic rose nearly 20% in the first 10 months of the year from the year before to 191.9 million.
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