Breaking News
Get 40% Off 0
👀 Reveal Warren Buffett's stock picks that are beating the S&P 500 by +174.3% Get 40% Off

China's big three airlines take delivery of domestically made ARJ21 aircraft

Published Jun 27, 2020 11:50PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. FILE PHOTO: A model of China's ARJ21 aircraft by COMAC is displayed at Aviation Expo China 2017 in Beijing
 
BA
-0.79%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
AIR
-0.59%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CEAYY
0.00%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
600029
+0.51%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
600115
+0.79%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
601111
+0.54%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

BEIJING/SHANGHAI (Reuters) - China's three biggest state-owned airlines on Sunday took delivery of their first ARJ21 aircraft, a short haul 90-seater aircraft made by state-run Commercial Aircraft Corporation of China (COMAC).

COMAC said in a statement on Sunday that Air China (OTC:AIRYY) Ltd (SS:601111), China Eastern Airlines (NYSE:CEA) Corp Ltd (SS:600115) and China Southern Airlines Co Ltd (SS:600029) had received the aircraft, which has a 90-seat capacity, and would each take delivery of three ARJ21 aircraft this year.

Last August, the three carriers announced on the same day deals to each purchase 35 ARJ21-700 regional jets from COMAC, with deliveries scheduled from 2020 through 2024.

The ARJ21 entered commercial operations four years ago and is China's first domestically manufactured airliner.

COMAC has two other passenger jet programmes in development - the C919 narrowbody aircraft programme which is currently undergoing flight testing, and the CR929 widebody programme in collaboration with Russia.

China Eastern Airlines earlier this year launched a subsidiary - OTT Airlines - to operate ARJ21 and C919 airliners. It is slated to be the first customer for the C919, once the 160-seater plane receives airworthiness certification from the Chinese aviation regulator.

The C919 is a much more high-profile programme, that will place COMAC in direct competition with Airbus (PA:AIR) and Boeing (N:BA) in the single-aisle market. The United States earlier this year considered whether or not to block the sales of LEAP-1C engines to the programme, but it later relented.

The impact of the coronavirus pandemic on international travel has decimated the order books of both Airbus and Boeing.

China's big three airlines take delivery of domestically made ARJ21 aircraft
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (12)
Harry Wilson
Harry Wilson Jun 30, 2020 1:03PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I wouldn't board that for all the gold ever mined on earth
serroune shadroun
serroune shadroun Jun 30, 2020 8:05AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
amazing 👌 it's just a start of Brazil can do it with Embraer etc.. China can do it too ! maybe even better
Said Anwar
Said Anwar Jun 29, 2020 4:53PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Learner EN
Learner21 Jun 29, 2020 8:23AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
c919 and c19 ? c19 flies worldwide
George Samsung
George Samsung Jun 29, 2020 3:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Looks like DC9 or MD80 if stretch, regardless looks very nice. Big congrats to Comac and best wishes for C919 and CR929, the best is yet to come.
Brady Murray
Brady Murray Jun 29, 2020 3:01AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Using lots of stolen data and design technology form the US no doubt!
Emiilions Lios
Emiilions Lios Jun 28, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
china airplane is safe? is electic?
Geoffrey Olson
Geoffrey Olson Jun 28, 2020 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Electric?
David Wang
David Wang Jun 28, 2020 3:10PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
China’s data has always been whatever the government wants the world to think it is. But the pandemic elevated China’s data to new and unprecedented levels of deep-fake status all around.
Syed Fraz
Syed Fraz Jun 28, 2020 1:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
good luck Chinese brothers
mazam crafts
mazam crafts Jun 28, 2020 1:12AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Dragon times ahead
David David
David9 Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
You guys watch...once this works out, you can say bye bye to Boeing and Airbus...so go ahead and make fun. The hare can laugh at the turtle, but the turtle will make it pass the finish line going forward.
Show previous replies (6)
Limin Tandiono
Limin Tandiono Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Muhamed, China's mobile phone are used widely worldwide. I haven't seen even a single mobile came out of middle east. What u guys good in doing is nothing better than just pumping and selling oil.... LOL
Limin Tandiono
Limin Tandiono Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Pumping and selling oil. Probably that is what nation in children state (underdeveleped state) good in doing.
mazam crafts
mazam crafts Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Muhamed Jaffir 100% indian r in shook & suffering these days
mazam crafts
mazam crafts Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
yuan qianxiang plz try to understand indians pain. Haha
mazam crafts
mazam crafts Jun 28, 2020 1:08AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Pak congrats china
Kaveh Sun
Kaveh Sun Jun 28, 2020 12:47AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
It is a copy of md-90 upgrade w bombardier latest tech. Md90 was just ok.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email