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China, Russia Aim to Deliver Big Jets by 2027 to Take On Boeing

  • Venture to make 280-seat, wide-body jet with 12,000 km range
  • Development cost will be in ‘billions,’ Russian partner says

China and Russia teamed up to develop twin-aisle jets that will compete with Airbus SE and Boeing Co., the planemakers who dominate passenger aircraft capable of trans-continental flights.

State-owned Commercial Aircraft Corp. of China Ltd. and Russia’s United Aircraft Corp. aim to hand over the plane to customers by 2025-2027, UAC Chairman Yury Slyusar said at a briefing in Shanghai Monday. The new plane will need “billions of U.S. dollars” in investment, he said. The venture will develop a 280-seat aircraft that can fly about 12,000 kilometers (7,500 miles), or more than the distance between London and Singapore.