Air China announced plans to buy 100 Comac C919 airliners, a major boost to the home-grown planemaker seeking to disrupt the commercial aircraft duopoly locked down by Airbus SE and Boeing Co.
Air China will buy 100 Comac C919 jets in a deal valued at $10.8 billion based on list prices, giving a boost to the homegrown challenger to Airbus and Boeing.
The planes will be delivered between 2024 and 2031, Air
China said in a filing. The Beijing-based airline, one of China’s three biggest
carriers, had previously ordered a handful of C919s.
The C919 competes with Boeing’s 737 Max and the Airbus
A320neo, the two top-selling jetliners in the world. Air China currently has a
fleet of almost 500 airplanes, including 212 in the A320 family and 127 planes
from the 737 series, according to data from tracker Planespotters.net.
Comac, as Commercial Aircraft Corp. of China is more
commonly known, is angling to disrupt the dominance of Boeing and Airbus in
commercial jetliner manufacturing. The order comes on the same day as privately
owned Suparna Airlines said it plans to replace its all-Boeing fleet with the
C919.
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