On Monday, Commercial Aircraft Corp. of China (COMAC) debuted its single-aisle C919 passenger jet to a crowd of several thousand from its manufacturing and assembly center in Pudong, Shanghai. Bloomberg said the aircraft was China’s first prototype for a locally-built passenger jet made to compete with global leaders Boeing Co. and Airbus Group SE, which currently supplies much of the global 100-seater passenger aircraft market.
In a speech, China’s civil aviation administration Li Jiaxiang said, “The air transportation industry of China cannot completely rely on imports. A great nation must have its own large commercial aircraft.”
Xinhuanet said that once the C919 aircraft passes for commercial use, the 158-seater airplane with a standard range of 4,075 kilometers could very well cover routes from China to all over the world.
According to COMAC, it has already accepted 517 orders from 21 domestic and foreign customers. The model presented on Monday is purportedly the basic version, but COMAC expressed its intention to release extended, shortened, cargo and business versions in the near future.


TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX
Muji Owner Ryohin Keikaku Stock Soars After Raising Full-Year Earnings Forecast
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO
SK Hynix Shares Drop After Strong Nasdaq Debut Despite $26 Billion ADR Listing
Stellantis Q2 Vehicle Shipments Rise 10% as North America Drives Growth
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside
Deutsche Bank Fined A$2 Million by ASIC Over OTC Derivatives Reporting Errors
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 



