Airbus SE logo

AIR - Airbus SE News Story

€101.1 0.3  0.3%

Last Trade - 09/04/21

Sector
Industrials
Size
Large Cap
Market Cap £68.76bn
Enterprise Value £72.40bn
Revenue £43.31bn
Position in Universe 13th / 848

China Eastern signs firm order with COMAC to buy 5 C919 jets

Mon 1st March, 2021 10:42am
BEIJING, March 1 (Reuters) - China Eastern Airlines 600115.SS , the launch customer for China's home-built C919 jets, signed a firm order with the state planemaker on Monday to buy five of the narrowbody aircraft, the Commercial Aircraft Corporation of China (COMAC) said. The carrier, which signed a letter of intent with COMAC in 2010, is expected to take delivery of the first C919 aircraft this year once they are certified by China's aviation regulator. The C919, which will compete with Boeing Co's 737 and the Airbus SE AIR.PA A320, is widely regarded as a symbol of China's civil aerospace ambition. Without disclosing a value for the deal, COMAC said in a statement on social media that the aircraft would be based in China Eastern's headquarters in Shanghai and be deployed in routes to Beijing, Guangzhou, Shenzhen, Wuhan and others. COMAC's C919 plane has received 815 provisional orders, but very few from airlines or leasing firms outside China. (Reporting by Stella Qiu in Beijing and Jamie Freed in Sydney; Editing by Edmund Blair) ((yifan.qiu@thomsonreuters.com; 86-10-66271289;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.