COMAC signs framework purchase agreement of 30 C919 aircraft
Commercial Aircraft Corporation of China (COMAC) signed a Framework Purchase Agreement of 30 C919 aircraft with EverBright Financial Leasing in Beijing on June 13th, 2017. Thus, COMAC had 24 domestic and foreign customers of C919 aircraft and secured a total of 600 orders.
The C919 is a national project initiative launched by the ruling Communist Party of China. The work on the twin-engine single-aisle COMAC C919 began back in 2006. This was the first attempt of the Chinese aircraft designers to gain a foothold in the niche of single-aisle jets.
Although the C919 falls under the well-known label “Made in China” (the same is indicated on any iPhone’s cover), foreign firms play key roles by supplying systems, as well as the engines, which are manufactured by the CFM.
EverBright Financial Leasing is a national financial leasing company jointly established by China EverBright Bank, Wuhan New Harbor Construction & Investment Development Group and Wuhan Rail Transit Construction subject to the approval of the China Banking Regulatory Commission, and is a subsidiary of China EverBright Bank which has a 90-percent stake. It was incorporated in May 2010 with a registered capital of 3.7 billion yuan( $ 0.54 billion) and the registered place is Wuhan, Hubei Province.