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ECNS — China delivers homegrown passenger jetliner to overseas client

Summary:
The ARJ21, China's homegrown regional jetliner, was delivered on Sunday to Indonesian carrier TransNusa, marking the first time that China's jet airliner has entered the overseas market.…Developed by Commercial Aircraft Corp of China (COMAC), the ARJ21 regional aircraft has a range of up to 3,700 km. It can fly in alpine and plateau regions and is adaptive to various airport conditions.Nearly 100 ARJ21 planes have been delivered to its clients and in operation on 300 flight routes, connecting more than 100 cities and having safely carried 5.6 million passengers, COMAC said.Competition. It is doubtful that all parts are Chinese designed and produced. Russia is developing commercial aircraft production that is entirely Russian. China likely is also, but Russia is more advanced in military

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The ARJ21, China's homegrown regional jetliner, was delivered on Sunday to Indonesian carrier TransNusa, marking the first time that China's jet airliner has entered the overseas market.…

Developed by Commercial Aircraft Corp of China (COMAC), the ARJ21 regional aircraft has a range of up to 3,700 km. It can fly in alpine and plateau regions and is adaptive to various airport conditions.

Nearly 100 ARJ21 planes have been delivered to its clients and in operation on 300 flight routes, connecting more than 100 cities and having safely carried 5.6 million passengers, COMAC said.

Competition. 

It is doubtful that all parts are Chinese designed and produced. Russia is developing commercial aircraft production that is entirely Russian. China likely is also, but Russia is more advanced in military aircraft production and has the expertise to export this knowledge to commercial use, the design and production of which is less demanding than military aircraft. 

No doubt Boeing and Airbus are taking note since China especially is such a large consumer of commercial aircraft. Losing even a share of that market would hurt. But such import substitution is the effect of sanctions. In fact, China and Russia are cooperating through technology exchange and joint venture in an effort to become technologically self-sufficient. Russia and India have also been involved in technological cooperation for some time, in particular in military technology.

ECNS (Chinese official English news service)
China delivers homegrown passenger jetliner to overseas client

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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