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China Plans to Build Its Own Jumbo Jets
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March 6, 2008 -- China plans to set-up its own company to make passenger jumbo jets, making it less dependent on Boeing (BA) and Airbus, the official Xinhua News Agency said Thursday.
The Shanghai government, aviation companies and some other state-owned enterprises will jointly invest in and establish the jumbo plane company under the guidance of the central government. The China Aviation Industry Corporation I (Avic I) and the China Aviation Industry Corporation II (Avic II), the two largest aircraft producers in the country, are discussing cooperation plans for the jumbo plane project. Jumbo passenger planes refer to those with a take-off weight of more than 100 tons, or with more than 150 seats.
Source: AMT
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Tags/Labels:
Aerospace,
China
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