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Stock impact report

China's big three airlines take delivery of domestically made ARJ21 aircraft [Reuters]

China Eastern Airlines Corporation Ltd. (CEA) 
Company Research Source: Reuters
China's big three airlines take delivery of domestically made ARJ21 aircraft BEIJING/SHANGHAI (Reuters) - China’s three biggest state-owned airlines on Sunday took delivery of their first ARJ21 aircraft, a short haul 90-seater aircraft made by state-run Commercial Aircraft Corporation of China (COMAC). COMAC said in a statement on Sunday that Air China Ltd ( 601111.SS ), China Eastern Airlines Corp Ltd ( 600115.SS ) and China Southern Airlines Co Ltd ( 600029.SS ) had received the aircraft, which has a 90-seat capacity, and would each take delivery of three ARJ21 aircraft this year. Last August, the three carriers announced on the same day deals to each purchase 35 ARJ21-700 regional jets from COMAC, with deliveries scheduled from 2020 through 2024. The ARJ21 entered commercial operations four years ago and is China’s first domestically manufactured airliner. COMAC has two other passenger jet programmes in development - the C919 narrowbody aircraft programme which is currently u Show less Read more
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