Air China Plans to Spend USD1.1 Billion to Buy 17 China-Made C919 and ARJ21 Jets in Next Two Years

[Beijingwalker]

Air China Plans to Spend USD1.1 Billion to Buy 17 China-Made C919 and ARJ21 Jets in Next Two Years
December 25 2023


Air China Plans to Spend USD1.1 Billion to Buy 17 China-Made Jets in Next Two Years

(Yicai) Dec. 25 -- Air China, the country’s flagship carrier, has unveiled plans to purchase a total of 17 China-made new aircraft, which will be delivered in the next two years.
Air China will buy six narrow-body aircraft C919 and 11 regional jets ARJ21 from their developer Commercial Aircraft Corporation of China for CNY7.6 billion (USD1.1 billion), the Beijing-based carrier announced late on Dec. 22.

Air China plans to raise CNY6 billion from its controlling shareholder China National Aviation Holding through a private placement and use CNY4.2 billion of the proceeds to purchase the new jets, the carrier noted. The remaining CNY1.8 billion will be used to supplement working capital.

The list prices of the C919 is USD108 million, cheaper than its overseas competitors Boeing 737-MAX 8 and Airbus A320neo, which are priced at USD122 million and USD111 million, respectively. The listed price of the ARJ21 is USD38 million, according to Air China. List prices are generally higher than actual transaction prices.

Comac delivered its first ARJ21 in 2015, with such airplanes having carried over 10 million passengers as of last month. The latest model C919 was first delivered in December last year to China Eastern Airlines, which now has a total of three C919. The Shanghai-based carrier is the only one to have C919 jets among its fleet.

Orders for the C919 have risen to 1,061, Comac’s Chairman He Dongfeng said at the Pujiang Innovation Forum in Shanghai in September. The company also plans to develop variants of the C919, extending the range of seats to 130 to 240 from 158 to 168, He added.

In the statement on Dec. 22, Air China also announced that it plans to raise more than HKD2 billion (USD226 million) from a unit of CNAHC by issuing non-public Hong Kong Stock Exchange-listed shares to supplement its general operating funds.

Air China Plans to Spend USD1.1 Billion to Buy 17 China-Made Jets in Next Two Years

www.yicaiglobal.com

 

[Beijingwalker]

C919

 

[Beijingwalker]

ARJ21​

 

[Beijingwalker]

Aviation industry is the last hope against hope that the west is clinging to to stem the ever growing trade imbalance with China. if this is gone, I don't see anything esle China still needs from the west other than food and raw material.

 

[Beijingwalker]

China Eastern Airlines to buy another 100 C919 airplanes​

28 Sep 2023 04:49PM


BEIJING : China Eastern Airlines signed a contract with aircraft manufacturer Commercial Aircraft Corporation of China (COMAC) to buy another 100 C919 airplanes, according to state broadcaster CCTV on Thursday.

The new China Eastern order is the largest order for the Chinese passenger plane, developed by COMAC to rival Airbus SE's A320neo and Boeing Co's 737 MAX single-aisle jet families.

The Shanghai-headquartered carrier is the first user of the C919 and has bought five of the jets, of which three have been delivered. The other two are expected to be delivered later this year.

GallopAir, a new Brunei-based airline, said in a statement last week that it had signed a letter of intent to purchase 30 aircraft from China, worth $2 billion in total. The deal includes 15 orders of COMAC's ARJ21 aircraft and 15 of the C919.

The state media said the new purchase of China Eastern will be delivered in batches from 2024 to 2031. In 2024, five aircraft are planned to be delivered, while ten are to be delivered each year from 2025 to 2027. From 2028 to 2030, 15 C919s will be delivered each year, and the last 20 jets will be delivered in 2031.

The size of the deal was not published on Thursday. China Eastern previously disclosed the aircraft's list price is $99 million.

China Eastern Airlines to buy 100 C919 planes, aircraft's largest ever order

BEIJING :China Eastern Airlines said on Thursday it will buy another 100 C919 airplanes in a deal worth $10 billion at list prices, in what would be the largest ever order for the jet made by the Commercial Aircraft Corporation of China (COMAC).The state-owned carrier said it had received a...

www.channelnewsasia.com

 

[Kingfisher]

Who are major foreign buyers of these apart from Chinese carriers ?

The Airbus Boeing duopoly have decades behind them and are trusted names. Embraer and a few other established companies have the regional airliner and business jet market cornered.

Impressive, but itll take quite a bit More time before these new Chinese options are seen as reliable and feasible for the broader global aviation market.

 

[Beijingwalker]

China needs 8,560 aircrafts in the next two decades, accounting for 20% of the global total demand

 

[Beijingwalker]

Who are major foreign buyers of these apart from Chinese carriers ?

The Airbus Boeing duopoly have decades behind them and are trusted names. Embraer and a few other established companies have the regional airliner and business jet market cornered.

Impressive, but itll take quite a bit More time before these new Chinese options are seen as reliable and feasible for the broader global aviation market.

If the Chinese carriers can first dominate the Chinese domestic market, which accounts for 20% of the world total, it'll save tons of money for China in the coming decades.
As for the overseas market, couples of countries had already booked the orders , but that's not the near term goal for China, China is not in a hurry in this regard.

GallopAir will be the second non-Chinese airline to have a made-in-China aircraft in its fleet.

Indonesian carrier TransNusa has two COMAC ARJ21s in its fleet and a further 28 units on order with the Chinese plane maker. After introducing the planes into service this summer, the Indonesian airline is delighted with the aircraft and is considering purchasing the larger COMAC C919.

 

[Beijingwalker]

China Eastern Airlines to buy another 100 C919 airplanes​

28 Sep 2023 04:49PM
View attachment 2944

Comac will have to be working around the clock for years to fullfill these many orders...

 

[Beijingwalker]

China's Great Aviation Ambition

Chinese aircrafts to totally dominate and global skies 30 years from now

30年后中国最可能主宰世界天空？美欧优势不再，航空中心正在转移_腾讯新闻

new.qq.com

 

[Beijingwalker]

China's 4th C919 Aircraft Delivered to China Eastern Airlines​

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[Beijingwalker]

 

[Nuffle]

China needs 8,560 aircrafts in the next two decades, accounting for 20% of the global total demand

View attachment 2947

It won't take long for the West to embargo components for the aircraft, fearing loss of market share.

 

[FuturePAF]

If the Chinese carriers can first dominate the Chinese domestic market, which accounts for 20% of the world total, it'll save tons of money for China in the coming decades.
As for the overseas market, couples of countries had already booked the orders , but that's not the near term goal for China, China is not in a hurry in this regard.

The problems with the 737 may give China the opening to convince buyers to try their C-919

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So Boeing will try to save the Boeing name with the 797; the replacement for the 737, that should have been built from the start instead of making the max variants of the 737.

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[Developereo]

I respect China's tech advances but these planes rely on Western components for everything that matters. The US or Europe can ground this plane at any time.

China’s COMAC: An Aerospace Minor Leaguer | Trustee China Hand | CSIS

Today our program is issuing a video report, China’s Stalled Aircraft Dreams, which documents China’s failed efforts over many decades to develop their own commercial aircraft.

www.csis.org

Figure 1: Regional Distribution of C919’s Primary Suppliers

	US	Europe	Asia-Pacific	China	Total
Airframe	9 (1)	6 (3)	3 (1)	8 (3)	22 (4)
Avionics	12 (2)	1	1	2 (2)	14 (2)
Power Systems	10 (3)	11 (4)	2 (2)	2 (1)	20 (5)
Components	14	4 (1)	0	2 (1)	19 (1)
Materials	3	4	0	0	7
Total	48 (6)	26 (8)	6 (3)	14 (7)	82 (12)

Note: Numbers in parentheses are cross-regional joint ventures; 7 involve China (4 with the United States and 3 with Europe). A single joint venture is included in both regions’ figures. The cumulative total (on the far right) nets out any double counting, and so is less than the sum of the four regions.
Source: Airfamer.com.