DIRS.INFO The most relevant business & tech news

☆ Can China's Comac break up the Airbus-Boeing duopoly?
▼ + stars: | 2024-04-10 | by ( Nessa Anwar | ) www.cnbc.com time to read: +2 min

China is on a mission to break up the Airbus -Boeing duopoly and it hopes the domestically made Comac C919 will be its first big break into foreign markets. Made by the Commercial Aircraft Corporation of China (Comac), the passenger aircraft has been touted as the "dream of a nation" by Chinese President Xi Jinping. However, there are still several hurdles Comac would need to clear before it could take on the French and American aerospace giants' dominance. "As a customer and operator of China's Comac products, we can get financial support from China's import-export bank, and also central banks," Cham told CNBC in an interview. According to Cham, Comac said it would consider creating aircraft maintenance, repair and overhaul support for its aircraft in Brunei.

Persons: Xi Jinping, Cham, Comac, Adam Cowburn, Cowburn, Brendan Sobie, It's, Brendan Organizations: Airbus, Boeing, Commercial Aircraft Corporation of China, Cham Chi, CNBC, Alton Aviation Consultancy, " Industry, Sobie Aviation, Airlines Locations: China, American, Brunei, Cham, Shanghai

☆ Boeing touts 737 Max as 'the safest airplane,' says China's C919 is similar to what's on the market
▼ + stars: | 2024-02-22 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Miniature models of Boeing commercial airplanes displayed at the Singapore Airshow in Singapore on February 20, 2024. SINGAPORE — Boeing touted its 737 Max aircraft as "the safest airplane" and said China's latest domestic jetliner Comac C919 is similar to offerings by Airbus and Boeing that are already in the market. However, he insisted it was "the safest airplane that can be out there today." A midflight blowout of a fuselage panel on one of Boeing's 737 Max 9 operated by Alaska Airlines earlier this year raised concerns about safety after loose bolts were found during preliminary inspections. On Wednesday, Boeing announced it will be replacing the head of its 737 Max program.

Persons: Dave Schulte, —, Schulte, Max Organizations: Boeing, Singapore, SINGAPORE — Boeing, Airbus, Max, Alaska Airlines, Wednesday, U.S . Air Force Locations: Singapore, SINGAPORE, Asia, Pacific

☆ Airbus says competition from China's Comac C919 is 'not going to rock the boat'
▼ + stars: | 2024-02-20 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: 1 min

A commercial Aircraft Corp of China (Comac) C919 aircraft operated by China Eastern Airlines during the Singapore Airshow in Singapore, on Tuesday, Feb. 20, 2024. SINGAPORE — China's homegrown airliner may be the latest challenger to Airbus and Boeing's passenger jets, but an executive from Airbus said he's not worried. The Comac C919 is "not going to rock the boat in particular," Christian Scherer, chief executive officer of Airbus's aircraft commercial business, said at a media roundtable on the sidelines of the Singapore Airshow. "It looks a bit like an Airbus narrow body," Scherer said, tongue in cheek, noting that the C919 is "not very different" from what Airbus and Boeing already have in the market. Scherer acknowledged that the C919 was a "legitimate effort" by China — but "the market is large enough for competition, we welcome the competition."

Persons: he's, Christian Scherer, Scherer Organizations: Aircraft Corp of China, China Eastern Airlines, Airbus, Boeing Locations: Singapore, SINGAPORE, China

☆ Boeing isn't bringing any passenger jets to the Singapore Airshow as China's first airliner makes its international debut
▼ + stars: | 2024-02-19 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Unlike last time round, Boeing isn't bringing any passenger jets to the Singapore Airshow in 2024. Boeing's problems with the 737 Max blowout could help the C919 compete with the big players. AdvertisementBoeing isn't bringing any commercial passenger jets to this year's Singapore Airshow, which starts Tuesday, amid the fallout from the Alaska Airlines blowout. Comac's C919, a narrowbody jet that could eventually compete with the Boeing 737 Max and Airbus A320neo, staged a flyby on Sunday, according to Reuters. Boeing has faced significant criticism and scrutiny since an Alaska Airlines 737 Max 9 lost part of its fuselage in midair last month.

Persons: China's, —, Max, Chris Olin, Olin, Scott Kirby Organizations: Boeing, Singapore Airshow, Service, Alaska Airlines, Airbus, Max, Reuters, CNBC, National Transportation Safety Locations: Singapore

☆ China will showcase its domestic jetliner at the Singapore Airshow. Here's what else to expect
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

A model of Comac's C919 aircraft at the Singapore Airshow on Feb. 6, 2018. SINGAPORE — China is gearing up to showcase its narrow-body passenger jet to a global audience for the first time at the Singapore Airshow. Touted as a competitor to Boeing's 737 and the Airbus 320, the Comac C919 is quickly turning out to be one of the most anticipated features at this year's event. "Flying for the first time at the Singapore Airshow, is the C919, a narrow-body airliner developed by Chinese aircraft manufacturer Comac," Singapore Airshow organizer and manager Experia Events said in a statement. The Singapore Airshow is a fantastic opportunity for Comac particularly given the current situation with Boeing," Brendan Sobie of Sobie Aviation told CNBC.

Persons: Experia, Lockheed Martin, Thales, Brendan Sobie, Sobie Organizations: Singapore, Singapore Airshow, Airbus, Commercial Aircraft Corporation of China, Civil Aviation Administration, China, Aerospace, Boeing, Lockheed, Dassault, SAAB, Leonardo, Sobie Aviation, CNBC Locations: SINGAPORE — China, Singapore, China

☆ With no Boeing passenger jets at the Singapore Airshow, Airbus and China take centerstage
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +2 min

An aerial photo shows Boeing 737 MAX airplanes parked on the tarmac at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. SINGAPORE — Boeing will not be bringing any commercial planes to the Singapore Airshow, shifting the spotlight for passenger jets to rival Airbus as well as China's homegrown offering. While there will be aerial displays of commercial liners by Airbus and China's domestic jetliner Comac C919, Boeing will not have any commercial aircraft at the air show. While no commercial jets will be featured, Boeing will still be holding a cabin display of its wide-body 777X passenger plane, which the company claims is the world's largest twin-engine jet. This is the first major international aerospace event since the blowout last month, which pushed Boeing into another safety crisis after the U.S. safety regulators ordered the temporary grounding of more than 170 Boeing 737 Max 9 planes.

Persons: Max, Lockheed Martin, Thales, scuffling Organizations: Boeing, Boeing Factory, SINGAPORE — Boeing, Singapore, Airbus, U.S . Air Force, Lockheed, Dassault, SAAB, Leonardo, Max, Alaska Airlines Locations: Renton , Washington , U.S, SINGAPORE, Portland , Oregon

☆ Comac C919: China’s homegrown passenger aircraft makes international debut
▼ + stars: | 2024-02-19 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

China calls the C919, which can carry just under 200 passengers, its first large homegrown passenger jet. It s certified to carry passengers only within mainland China and flies with China Eastern Airlines. The C919’s overseas debut comes at a time when Boeing is making headlines for all the wrong reasons. “There is a lot of interest to see the actual aircraft, how it performs and how it is in flight,” he said. “It will become a competitor in a small way, but it won’t be in the same league as Airbus and Boeing,” he said.

Persons: Cindy Koh, Shukor Yusof, ”, Edgar Su, Yusof, TransNusa Organizations: Hong Kong CNN, Boeing, Airbus, Singapore Airshow, Commercial Aircraft Corporation of China, China Eastern Airlines, Singapore’s Economic, Board, Sunday, Max, Air, Endau, Singapore, Reuters, Center for Strategic, International Studies, American Locations: China, Hong Kong, Western, Air Alaska, United States, Washington, Hong, Victoria, Beijing, Southeast Asia, Africa, Central Asia, Indonesian

☆ Boeing CEO says travel demand recovery is 'more resilient' than he imagined
▼ + stars: | 2023-09-29 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

A Boeing 777x is displayed during the International Paris Air Show at the ParisLe Bourget Airport, on June 20, 2023. Calhoun said order books and demand for proposals to meet that demand are "as robust as [he's] ever seen in his career." Boeing CEO Dave Calhoun is optimistic about the recovery of travel demand, which he said is stronger than he expected. In May, the World Travel & Tourism Council had forecast that the global travel and tourism sector will not reach full recovery this year. And even if that was the case, it would not be the "worst thing," given travel demand.

Persons: Calhoun, CNBC's, Dave Calhoun, I'm Organizations: Boeing, International Paris Air, Airbus, Tourism Council Locations: ParisLe, China

☆ China Eastern Airlines just made the biggest Comac C919 order ever, for 100 planes
▼ + stars: | 2023-09-28 | by ( ) edition.cnn.com time to read: +2 min

Beijing Reuters —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 list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models. The deal comes five months after the Chinese passenger plane, developed by state-owned COMAC to rival Airbus’ A320neo and Boeing’s (BA) 737 MAX single-aisle jet families, took its first flight in May with China Eastern. China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027. The deal includes 15 orders of COMAC’s ARJ21 aircraft and 15 of the C919.

Persons: Li Hanming, ” Li, “ COMAC, COMAC’s Organizations: Beijing Reuters, China Eastern Airlines, Commercial Aircraft Corporation of China, Airbus ’, China Eastern, Boeing Locations: Beijing, Shanghai, Washington, China, Brunei

A Comac C919, China's first large passenger jet, flies away on its first commercial flight from the Shanghai Hongqiao International Airport in Shanghai, China May 28, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Sept 28 (Reuters) - China Eastern Airlines (600115.SS) 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 list price for the C919 is $99 million but aircraft can be sold at discounts of up to 50%, especially for new models. Next, the plane manufacturer will cooperate with China Eastern more closely, to show other potential users the reliability and performance of C919." China Eastern will get delivery of five aircraft in 2024, while ten are to be delivered each year from 2025 to 2027.

Persons: Aly, Li Hanming, Li, COMAC, COMAC's, Sophie Yu, Brenda Goh, Neil Fullick, Peter Graff, Miral Organizations: Shanghai Hongqiao International, REUTERS, Rights, China Eastern Airlines, Commercial Aircraft Corporation of China, Airbus, Boeing, China Eastern, Thomson Locations: Shanghai, China, Rights BEIJING, Beijing, Washington, Brunei

☆ C919: Why China's answer to Boeing and Airbus isn't as 'homegrown' as it seems
▼ + stars: | 2023-06-02 | by ( Michelle Toh | ) edition.cnn.com time to read: +7 min

Hong Kong CNN —China is claiming a historic win this week after its answer to Boeing and Airbus, the C919, took to the skies for its first commercial flight. But instead of boosting China’s global stature in technology innovation, experts say the C919 is a symbol of its continued reliance on the West. COMAC’s first commercial plane, by comparison, is a much smaller regional jet called the ARJ21, which can only fly up to 3,700 kilometers (2,300 miles) and accommodate up to 97 passengers. Technicians working on a COMAC C919 aircraft under assembly at the COMAC Shanghai Research and Development Center in 2017. Boeing and Airbus also depend on “high-quality global suppliers,” state-run newspaper China Daily said in an editorial Wednesday.

Persons: ”, Scott Kennedy, Scott, Shukor Yusof, it’s, Kennedy, “, Qilai Shen, Yusof, VCG, Parker, Rockwell Collins, America’s, COMAC, COMAC hasn’t, there’s, ” Yusof Organizations: Hong Kong CNN, Boeing, Airbus, Center for Strategic, International Studies, Commercial Aircraft Corporation of China, Endau, CNN, China Eastern Airlines, Shanghai Research, Development Center, Bloomberg, China, Global Times, GE, CFM, China Daily, America’s Boeing, US, TransNusa, “ Airlines Locations: Hong Kong, China, Beijing, North America, Europe, Washington, Shanghai, Russia, Ukraine, Russian, Asia, United States, European, Malaysia, Indonesia

☆ China Crosses a Flying Milestone but Remains in the Boeing-Airbus Grip
▼ + stars: | 2023-06-01 | by ( Niraj Chokshi | Tiffany May | ) www.nytimes.com time to read: +1 min

Millions of flights take off and land in China every year, almost all of them using planes made by Boeing and Airbus, the world’s two leading aircraft manufacturers. For years, China has been working to change that and, this week, it celebrated a milestone in that quest: the first commercial flight of a large passenger jet made in China. It is currently the only C919 plane being used for commercial flights. Comac, or the Commercial Aircraft Corporation of China, was established in 2008. Based in Shanghai, it is closely linked to Avic, the Aviation Industry Corporation of China, which makes the country’s turboprops, fighter jets and bombers.

Persons: Comac Organizations: Boeing, Airbus, China Eastern Airlines, Commercial Aircraft Corporation of China, Aviation Industry Corporation of China, Aviation Locations: China, Shanghai, Beijing, U.S, France, Germany

☆ Boeing CEO 'not overly anxious' about Chinese narrowbody jet
▼ + stars: | 2023-06-01 | by ( Valerie Insinna | ) www.reuters.com time to read: +3 min

“For us to get overly anxious about that, I think it's a silly prospect.”Boeing should focus on existing competition and position itself to "win that technology race," Calhoun said. Chinese airlines began returning the 737 MAX to service earlier this year. Although all Chinese users have restarted 737 flights, deliveries of the jet have been stalled amid friction between the United States and China. Spirit has been the source of several problems that have stalled Boeing deliveries in recent years, including an ongoing 737 MAX bracket installation flaw that slowed deliveries since it was discovered in April. “We are disappointed with every next issue that occurs that limits our rates and slows us down,” Calhoun said.

Persons: Dave Calhoun, Calhoun, ” Calhoun, “, Valerie Insinna, Ben Klayman, Matthew Lewis Organizations: Boeing Co, U.S, planemaker, Airbus, China Eastern Airlines, SS, Commercial Aviation Corp of China, Boeing, Paris Air, Thomson Locations: CHARLESTON, South Carolina, China, Shanghai, Beijing, United States, Charleston , South Carolina, U.S

☆ China's first homegrown large passenger jet took its maiden flight after 16 years in the making — check it out
▼ + stars: | 2023-05-29 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

China's first domestically-made large passenger jet completed its maiden commercial flight Sunday. China's first domestically-made large passenger jet has completed its maiden commercial flight. VCG/VCG via Getty ImagesNearly 130 passengers were on board for the maiden flight, which took around two hours, Comac said. Crowds gather to watch the C919 land at Beijing Capital International Airport during its maiden commercial flight. Passengers sit on board the C919's maiden commercial flight.

CNN —China’s first large homegrown passenger jet made its inaugural commercial flight on Sunday, flying from Shanghai to Beijing, Chinese state news agency Xinhua reported. Flying as China Eastern Airlines flight MU9191, the new narrow-body C919 plane left Shanghai at 10:32 a.m. local time. With a range of up to 5,555 kilometers (3,452 miles), the C919 will take on the world’s two major aircraft manufacturers, Airbus and Boeing. It will be a direct competitor to their A320 and B737 narrowbody jets, most commonly used for domestic and regional international flights. Many of the plane’s major elements such as the nose, fuselage, outer wing, vertical stabilizer and horizontal stabilizer were designed by COMAC.

☆ Boeing's long road to the 737 MAX's return in China
▼ + stars: | 2023-01-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] A China Southern Airlines Boeing 737 MAX 8 aircraft is seen grounded at a storage area in an aerial photo at Boeing Field in Seattle, Washington, July 1, 2019. AUG. 11 - A Boeing MAX test plane flies in China as the manufacturer works with the regulator on its return. JUNE 15 - A China Southern MAX conducts test flights for the first time since March. SEPT. 14 - China's aviation regulator meets with Boeing about the MAX's return. 2023JAN. 11 - China Southern schedules commercial flights with the MAX for Jan. 13JAN. 13 - A China Southern MAX flies from Guangzhou to Zhengzhou, marking the model's return to Chinese passenger service.

☆ China expects annual production capacity of C919 planes to reach 150 in 5 years
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 12 (Reuters) - China expects to reach annual production capacity of 150 domestically-produced C919 planes in five years, government-backed media The Paper said on Friday. Zhang Yujin, deputy general manager of China's state-owned Commercial Aviation Corp of China (COMAC), the maker of C919, said the company had received more than 1,200 orders for the jet. "The first orders are from China Eastern Airlines (600115.SS), and at present a number of carriers are vying for our orders," Zhang said, adding that there would be "qualitative change" in terms of C919's production capacity. COMAC delivered the first C919to China Eastern in December, and the maiden commercial flight is expected to take place in spring this year, according to state-owned Xinhua News Agency. Editing by Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

☆ U.S. vs. China: Can Comac’s C919 Compete With Boeing’s 737?
▼ + stars: | 2022-12-09 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

TV Shows Are Too Dark! Here’s How to Fix That. TV shows like “House of the Dragon” and “Stranger Things” have come under fire for being too dark. WSJ’s Kenny Wassus spoke with experts about why shows are leaving us squinting and how to adjust your TV to help. Illustration: Alex Kuzoian for The Wall Street Journal

☆ Comac C919 Chinese-Made Commercial Jet Built to Rival Boeing and Airbus
▼ + stars: | 2022-12-09 | by ( Taylor Rains | ) www.businessinsider.com time to read: 1 min

"We would welcome a third person to break the duopoly between Boeing and Airbus," he said. "We would hope that they (Comac) will have a good aircraft, but that aircraft will have a lot of tried-and-tested Western components as well. And the question is, will that be reflected in the pricing of those aircraft or not? Stefano Garau/ShutterstockSource: Simple Flying

☆ China Eastern takes delivery of the world’s first made-in-China C919 jet
▼ + stars: | 2022-12-09 | by ( ) edition.cnn.com time to read: +2 min

The world’s first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines (CEA) in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment. The plane, delivered to China Eastern, has 164 seats and was painted with “the world’s first C919” on its side in Chinese and English. China Eastern said Friday it plans to receive the remaining four of its first batch of C919 orders over the next two years, according to Shanghai’s The Paper, a state-owned newspaper. China’s narrowbody jet ambitions intensified over the last few years amid conflicts with the United States from trade to technology that made China increasingly concerned about being overly dependent on Airbus and Boeing. China is trying to raise the proportion of domestic parts in the C919 and an alternative engine called the CJ-1000A is under development.

☆ China Eastern takes delivery of the world's first made-in-China C919 jet
▼ + stars: | 2022-12-09 | by ( ) www.reuters.com time to read: +2 min

[1/2] A model of a C919 airliner by Commercial Aircraft Corp of China (COMAC) is displayed at China Beijing International High-tech Expo in Beijing, China June 8, 2017. REUTERS/Jason LeeBEIJING/SYDNEY, Dec 9 (Reuters) - The world's first C919, a Chinese-made narrowbody jet, was delivered to launch customer China Eastern Airlines (600115.SS) in Shanghai on Friday and took off for a 15-minute flight to mark the historic moment. The plane delivered to China Eastern has 164 seats and was painted with "the world's first C919" on its side in Chinese and English. China Eastern said on Friday it plans to receive the remaining four of its first batch of C919 orders over the next two years, according to Shanghai's The Paper. China is trying to raise the proportion of domestic parts in the C919 and an alternative engine called the CJ-1000A is under development.

☆ China certifies Embraer jet that could take on homegrown model
▼ + stars: | 2022-11-10 | by ( ) www.reuters.com time to read: +2 min

The capacity compares with the 90-seat ARJ21 regional jet and 168-seat C919 narrowbody jet produced by Commercial Aviation Corp of China (COMAC). Embraer Commercial Aviation Chief Executive Officer Arjan Meijer said in a statement that the E190-E2 certification would usher in more business opportunities in China. Airbus SE (AIR.PA) has not yet received Chinese certification for its A220 narrowbody jet. The smaller A220-100 version seats up to 135 passengers while the larger A220-300 model fits up to 160. Airbus did not respond immediately to a request for comment on its A220 certification progress in China.

☆ COMAC, Boeing agree to step up research co-operation
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 9 (Reuters) - Chinese planemaker Commercial Aircraft Corporation of China (COMAC) and Boeing signed an agreement to expand co-operation on their joint research centre, state media Shanghai Securities News said on Wednesday. The pact, signed at the Zhuhai airshow, aims to further support sustanable development of aviation, it added. Reporting by Beijing newsroom; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

China Development Bank Leasing, ICBC Leasing, CMB Financial Leasing, BOCOM Leasing, CCB Financial Leasing, SPDB Financial Leasing and Jiangsu Financial Leasing on Tuesday signed orders for a combined 300 C919s and 30 ARJ21s at Airshow China in the southern city of Zhuhai, COMAC said in a statement on Wednesday. As with previous announcements, it was not immediately clear how many were firm orders or expressions of interest, and no delivery dates were provided. Before the latest deals, there had been 815 orders for the C919 from 28 customers, according to COMAC's website. COMAC said on Tuesday that China would need 9,284 new aircraft over the next 20 years to meet market demand, 200 more than in its forecast last year. The U.S manufacturer forecast China would need 6,370 single-aisle airplanes to support its growing network of international and domestic routes in that time, while COMAC said that 6,896 such planes would be needed.

☆ Comac’s C919, Challenger to Boeing and Airbus, Debuts at China Airshow
▼ + stars: | 2022-11-08 | by ( Wall Street Journal | ) www.wsj.com time to read: 1 min

Midterm Elections Are Different This Year. Here’s Why The contentious 2020 presidential election made a lasting impact on the way Americans vote. Here’s a look at what’s different for the midterms—from new voting regulations and methods to poll watchers and voter turnouts—and what sparked these changes. Photo: David Goldman/Associated Press

Search resuls for: "Comac"

25 mentions found