China Planemaker Gets New Orders in Fight With Airbus, Boeing
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Commercial Aircraft Corp. of China Ltd. announced 30 new commitments for the C919, the nation’s first large passenger jet, as it attempts to break Boeing Co. and Airbus Group NV’s grip on the global aircraft market.
The state-owned company, also known as Comac, signed an initial agreement with China Merchants Bank Ltd.’s leasing unit, the planemaker said at at the Zhuhai Airshow in China today. Including today’s deal, Comac now has 430 orders from 17 clients for the 168-seat C919, the company said in a statement. Comac also reported getting pledges for 23 of its ARJ21-700s, including the first order from Africa.